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Old 06-27-2009, 12:42 AM   #6
Tango
Avalon Senior Member
 
Join Date: Sep 2008
Location: eating dessert in the desert of Arizona
Posts: 1,554
Default Re: HR 1207 Cosponsor Dan Burton Questions Bernanke on the B.of A./Merrill Lynch Merg

Thank you, for posting this...

Every mind needs to " think about this " keep the pressure on...

The truth will come out on this... We all just need to help it...

PaL your the PiP


Trooly,

Tango



Quote:
Originally Posted by peaceandlove View Post
Bernanke Grilling May Weaken Case for Expanded Powers

By Craig Torres and Scott Lanman

June 26 (Bloomberg) -- Chairman Ben S. Bernanke’s grilling by legislators over Federal Reserve conduct in Bank of America Corp.’s takeover of Merrill Lynch & Co. may reduce the odds the central bank will win new powers in a regulatory overhaul.

Bernanke failed to resolve some lawmakers’ questions on whether the Fed bullied executives and stepped over other regulators in the name of financial stability in a three-hour congressional hearing yesterday. Republicans asserted the Fed interfered with commercial decisions, and Democrats said it should have wrung more concessions in return for taxpayer aid.

Continues: http://www.campaignforliberty.com/wire.php?view=6095
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