Obama to Nominate Bernanke to Second Term

This morning, President Obama will nominate Federal Reserve Chairman Ben Bernanke to a second term. The President will do so during an appearance at Oak Bluffs School on Martha’s Vineyard, where the First Family is vacationing this week. Joining us to talk about Bernanke’s performance during the current economic crisis is our friend Dan Gross, columnist at Newsweek and Slate and author of the book “Dumb Money,” as well as Richard Bove, banking equities analyst and a Vice President at Rochdale Securities.