Pawlenty told CNBC in 2011 of Bernanke that "I opposed his appointment last time, so it wouldn't be hard for me to oppose his reappointment next time, and I don't think he should continue in that position."
A spokeswoman for the Financial Services Roundtable responded with the following emailed statement from Pawlenty.
"I wish Congressman Frank well in the next phase of his career. As a former Governor and legislator, I have a record of effectively working in a bipartisan and constructive manner, and I am committed to upholding the Roundtable's bipartisan tradition with legislators and regulators as its new leader," the statement read.
Wells Fargo (WFC) Chairman and CEO John Stumpf is Chairman-elect of the Roundtable. A bank spokesman declined to comment. A Federal Reserve spokesman declined to comment.An email to the press office of The Allstate Corp. (BAC) whose CEO, Chairman and President, Tom Wilson, is also Chairman of the Roundtable, wasn't returned. During the interview Frank also referred to the Troubled Asset Relief Program (TARP), the best-known of various government programs to bail out the financial system following the 2008 mortgage crisis, when asked about as his "toughest moment as a lawmaker." Frank argues TARP "will go down in history as most highly successful highly unpopular program in American history." -- Written by Dan Freed in New York. Follow @dan_freed
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
24/7 market commentary from Jim Cramer and 20+ veteran Wall Street gurus. Get access to the latest trading ideas on stocks, options, and ETFs as well as a real-time forum to see the pros exchanging their investment ideas.
- Jim Cramer + 20 Wall Street pros
- Intraday commentary & news
- Real-time trading forum
- Actionable trade ideas
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV