January 25, 2010

Will Friday's Sell-Off Be Bernanke's Savior?

James Bianco, The Big Picture

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A milestone in Bernanke's nomination was reached this morning "¦. the Sunday political talk shows.  John McCain came out this morning against Bernanke.  So here's what we know.  As of this morning (noon CT, January 24) "¦

Bernanke needs 60 votes to end a filibuster of his nomination (known as cloture).  After cloture, he then needs 51 to be reappointed.  So, the bogey is 60 for cloture.

Senators that announced they will vote for Bernanke

Senators that announced they will vote against Bernanke

Analysis

So far 41 Senators have publicly declared for or against Bernanke.  63% (27) are for and 16 (37%) are against.  Remember he needs 60 of 100 votes, so this is very close.

Additionally, since the December 17, 2009 Senate...

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TAGGED: Ben Bernanke, stocks

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