A case of the forgets: Ben Bernanke questioned by Dan Burton on BOA/Merrill Lynch merger
Posted on July 1st, 2009 at 6:40am by bile
Tags: bailout, Bank of America, Ben Bernanke, Dan Burton, fascism, Federal Reserve, Federal Reserve System, Henry Paulson, merger, Merrill Lynch, PorcFest
This is a few days old but I’m just catching up on news after PorcFest and this goes well with “Fed engaged in “cover-up” of BofA-Merrill deal-lawmaker.”
Related posts:
- Bank of America to buy Merrill Lynch, AIG to sell off assets, Lehman Brothers heading toward bankruptcy
- Fed engaged in “cover-up” of BofA-Merrill deal-lawmaker
- Bernanke claims Fed had no advance warning of Bear Stearns
- Ben Bernanke and Jamie Dimon want more government involvement in markets
- Heading off to PorcFest
July 1st, 2009 at 1:23 pm
I was looking for a “best-of” montage of this hearing, but I didn’t stumble across one in the past week (didn’t really go out of my way though). The reports I read had Bernanke all but pleading the 5th. Between BoA, Maiden Lane, and similiar schenangians, some law has to have been broken (if not multiple) and any “extraordinary measures in extraordinary times” defense is bullshit. I guess, “I don’t recall” is still in vogue for now.