Jamesb101.com

commentary on Politics and a little bit of everything else

The Chair of the Federal Reserve is fighting Congress on oversight…..

Ben Bernanke, is firing back at members of Congress that want to sponsor a bill to put congressional oversight of the agency that is this countries central bank. The Fed also sets policy and rates for the this country, and its banking system……It has been independent, and in the background, until financial problem come up……In my opinion, congress has ¬†turned to its operation as a scapegoat for the mistakes made by the past White House……The bill put forth to the members of the House has 313 sponsors…which I think has that strong backing because, the members of the House know there is NO CHANCE that the Senate would vote to accept a similar bill…….

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November 28, 2009 Posted by | Government, Media, Politics, The Economy | , , , , , | Leave a comment