HR 1207 Cosponsor Dan Burton Questions Bernanke on the B.of A./Merrill Lynch Merger

[Tango]

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

Originally Posted by peaceandlove

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.

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