The Beast got served a subpoena!
From Bloomberg's Scott Lanman:
The Federal Reserve was subpoenaed by the House Oversight Committee for e-mails and documents related to Bank of America Corp.’s purchase of Merrill Lynch & Co. after the panel was unable to obtain them through a request last week.
Yee-haa!
Needless to say, Senate Banking Chairman Chris Dodd had absolutely nothing to do with this. He continues to oppose transparency and oppose good government... when it comes to The Masters of the Universe his friends at the banks. (Anyone have the link to the 2007 WaPo article that described Dodd as the Bankers' best friend?)
And in related news, the Campaign for Liberty is reporting that Ron Paul's HR 1207 - Audit the Fed now has 207 cosponsors! And as usual, Congressman Chris Murphy continues to play stupid about this bill.
Murph ran against Nancy Johnson as a reformer. But what does he do when he gets into office? He ignores the crooks and liars - Geithner and Bernanke. For the life of me, I can't understand why he remains silent on the need to have a real audit of the Fed.
Tim White