A Momentum Killer?

Anything filed from the Associated Press based off anonymous sourcing nowadays does not fully pass my smell test. But if this is true, way to level off all the momentum on Wall Street in one fail swoomp

President Barack Obama phoned Senate allies Saturday as two key senators predicted that embattled Federal Reserve Chairman Ben Bernanke will be confirmed for a second term.

Obama made calls from the White House to members of the Senate leadership and others and was assured Bernanke would win confirmation, a senior White House official told The Associated Press. The official spoke on the condition of anonymity to discuss the private phone calls.

The Senate is scheduled to vote on the Bernanke confirmation by the end of this coming week, said Jim Manley, spokesman for Senate Majority Leader Harry Reid, D-Nev.

Updated: Via Calculated Risk, I see that the New York Times and the Fall Street Rag have picked up on the story. The insiders sure do look out for their own, don't they?