Bernanke Makes Case for Another Term

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Federal Reserve chairman Ben Bernanke assured a Senate panel, Thursday, that he has the experience necessary to get the U.S. the support it needs during economic recovery.

Bernanke is in the hot seat as he seeks another term as head of the Federal Reserve, which requires Senate approval.

Some senators aren't happy with Bernanke's performance, mainly for bailing out Wall Street and failing to detect early signs of the economic collapse.

"You put the printing pressing in overdrive to fund the government spending and handout cheap money to your masters in Wall Street which they used to rack in record profits while ordinary Americans and small businesses can't even get loans for their everyday needs," GOP Sen. Jim Bunning charged.

Bernanke promised to work with Congress to revamp America's financial system so that it is regulated more effectively.

"It would be a tragedy if, after all the hardships that Americans have endured during the past two years, our nation failed to take the steps necessary to prevent a recurrence of a crisis of the magnitude we have recently confronted," he told the panel.

Bernanke is expected to be easily approved to serve another four year term.

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