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Federal Reserve Accountability Act An Unacceptable Compromise.

Publication: Economics & Business Week
Publication Date: 07-NOV-09
Format: Online
Delivery: Immediate Online Access

Article Excerpt
Today, Senators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced the Federal Reserve Accountability Act, an attempted compromise on the issue of transparency for America's secretive central bank. The bill would permit an audit of the Fed's actions in the Troubled Asset Relief Program (TARP) and similar high profile bailouts, but would not allow Congress...

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