Federal Reserve Chairman Ben Bernanke moved another step closer to confirmation for a second term Wednesday after Senator Mark Udall, D-Colo., announced his decision to vote for Bernanke's re-confirmation.
"I am well aware of the criticism that Ben Bernanke, as the Chairman of the Federal Reserve, should have done a better job of avoiding the financial crisis that nearly wrecked our economy when Wall Street plunged," Udall said in a statement.
He added, "But there's plenty of blame to go around, and making Ben Bernanke a scapegoat will not get our economy back on track."
Udall said Bernanke "relied on his deep understanding of the Great Depression to help us avoid a second one," and that, in part because of Bernanke's expertise, "a bad situation was not made worse."
Comment: Ben wants more matches to play with, so Udall gives him a Zippo.