Argentina's Central Bank crisis: Their mess, or ours too?
Posted at 11:25 AM on January 29, 2010
by Jeff Horwich
Fed Chairman Ben Bernanke was reconfirmed this week, but it was kind of a squeaker as these things usually go. Lots of folks are wondering if the political pressure he now has on him will compromise the independence he needs to manage the country's money supply and prevent future financial disasters.
In light of that, what's going on in Argentina is all the more interesting. President Christina Fernandez has fired -- or tried to -- the Governor of the Central Bank (their equivalent of the Federal Reserve). It's a big ol' mess. We called up Latin America blogger/podcaster Fausta for more details.