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Can Ben Bernanke Rise Again, Like a Twinkie? Can Ben Bernanke Rise Again, Like a Twinkie?

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Congress

Can Ben Bernanke Rise Again, Like a Twinkie?

One congressman wants to know.

Ben Bernanke testifies before the House Financial Services Committee on Wednesday.(AP Photo/Charles Dharapak)

It's very likely that Ben Bernanke will not be sticking around for another term as chairman of the Federal Reserve Board. Back in June, President Obama said that Bernanke has stayed with the Fed "longer than he wanted." The president already has a short list of potential successors, according to Reuters. Janet Yellen, currently the Fed's vice chair, has turned into something of a favorite for the job.

But, not so fast, says Rep. Emanuel Cleaver, D-Mo. Bernanke may still rise again.

During the Fed chairman's testimony Wednesday in front of the House Financial Services Committee, Cleaver said that all of the compliments coming Bernanke's way were beginning to sound like a "eulogy." The congressman wasn't being completely facetious: Rep. Al Green, D-Texas, was only one of several members to praise Bernanke, saying: "I believe our country has benefited greatly from your service."

 

But Cleaver isn't ready to just say farewell to the chairman. The hearing may sound like a eulogy, but, as the congressman said, "even the Twinkie came back."

Not long ago, the humble Twinkie was thought to be dead when Hostess, the company that makes the indestructible delicacy, filed for bankruptcy. All seemed to be lost. Janet Yellen was probably the hands-on favorite to take over for your favorite snack.

But not so fast! Twinkies are back! Hostess managed to find some new owners, and Twinkies are getting ready to be reintroduced to the market, better than ever. If "smaller and with fewer calories" and much longer shelf life is what you think of as better than ever, at least.

But can Ben Bernanke really do the same? Can he fall from the limelight, only to return to the job slightly mutated and more agile? Probably not. But hey, it's not every day a member of Congress compares the chairman of one of the most obtuse federal agencies to junk food.

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