McCain to Vote Against Bernanke

Senator John McCain said Monday that he will vote against a second term for Federal Reserve Chairman Ben Bernanke. “Our country is still facing an economic crisis and while I appreciate the service that Chairman Bernanke has performed as Federal Reserve chairman, I believe that he must be held accountable for many of the decisions that contributed to our financial meltdown,” McCain said in a statement. Overall, Bernanke's chances of confirmation looked up on Monday, calming a formerly turbulent stock market. Timothy Geithner warned of a markets fallout if Bernanke isn't confirmed. "I think the markets would view that as a very troubling thing to the economy as a whole. But, as I said, I don't think they should be uncertain. I think they should be confident because we are very confident he will be reconfirmed."