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Bernanke Success May Come at Cost of Congress Curbing Fed Power

By Implode-Explode Heavy Industries

It's rather odd that this is pitched as "Bernanke's success", rather than his utter shredding of the law and the Constitution and putting "Main Street" at dire risk to backstop a few big Wall Street firms. Anyway, at least the article mentions Ron Paul's bill to audit the Fed (HR 1207) and that it now has over 200 co-sponsors (since the article was written, it passed the 222 50% support mark).

Full post as published by Mortgage Lender Implode-o-Meter on June 12, 2009 (boomark / email).