Should Bernanke Be Re-Appointed?
On the one hand, Bernanke certainly doesn't deserve to be reappointed, as he along with Greenspan and a few others was responsible for creating the current problems. The fact that he appears to have learned nothing from this and tries to mislead people into believing that monetary policy didn't create the problems only makes his possible ouster even more well deserved.
On the other hand, who would replace him? Hardly any Austrian, or other sound money advocate. Instead it would most likely be someone (perhaps Larry Summers) with similar views who would pursue similar policies. Only that person would with his looser connection to the housing bubble or "Helicopter"-reputation gain more trust and be less vulnerable to criticism.
So, as richly as Bernanke deserves to be ousted, doing so might not make things any better. It could in fact make things slightly worse.