Federal Reserve officials were largely unaware of the financial crisis brewing in 2007, until they found themselves in the middle of it, transcripts released Friday show.
via megalextoria.com
The chairman cautioned Congress against adopting a law that would allow it to review the Fed’s interest-rate policy discussions. The House has passed legislation to broaden Congress’ investigative authority over the Fed and allow a review of its interest-rate policymaking. The Senate hasn’t adopted the bill.
If you have not yet done so, call or write your senator and urge them to support S 202 "The Federal Reserve Transparency Act" and sign the petition at http://www.auditthefed.com/
Should be interesting... - http://b4878655.tinylinks.co