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Suddenly the Federal Reserve is everybody's punching bag. Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say. Full Article at ABC News
You can view this video right here by getting the latest version of Flash Player! MSNBC's Dylan Ratigan talks to Rep. Alan Grayson about the amendment passed by the House Financial Services Committee to allow an independent audit of the Federal Reserve. Full Article at Crooks and Liars
WASHINGTON - OCTOBER 29: Committee Chairman Rep. Barney Frank (D-MA) listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC. View Photo »
Yesterday’s passage of the Paul amendment by the House Financial Services Committee is a dangerous move by this Congress to pander to the populist anger currently directed against our central bank, the Federal Reserve
Congress didn't actually vote to end the confusion over mutual fund share classes , but they took a step that ultimately could go a long way to simplifying the way investors buy and sell fund shares. Full Article at Southern CA Press-Enterprise
"He restated his intention of working with me on this issue," Snowe told a group of reporters. Full Article at The Hill
AMONG the reforms approved by the House Financial Services Committee on Thursday was an amendment allowing a systematic risk council to suggest new regulations on financial and corporate accounting. Full Article at International Herald Tribune
WASHINGTON - OCTOBER 29: Committee Chairman Rep. Barney Frank (D-MA) (C) speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC. View Photo »
The amendment, which won bipartisan support in the House Financial Services Committee despite the reservations of administration officials, would allow the Government Accountability Office to audit all of the Fed's operations, including its decisions on interest rates and its transactions with foreign c...
2008 GOP vice presidential nominee Sarah Palin on Saturday indicated that her relationship with her running mate, Sen. John McCain, is not as tense as some think. Full Article at The Hill
Andrew Jackson would assuredly be pleased at the rising congressional distrust of the Federal Reserve. Full Article at CQ Politics
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WASHINGTON - OCTOBER 29: Committee Chairman Rep. Barney Frank (D-MA) listens during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: Committee Chairman Rep. Barney Frank (D-MA) (C) speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »House Financial Services Committee members, from left, Rep. Peter King, R-N.Y. , Rep. Michael Castle, R-Del. , Rep. Shelley Moore Capito, R-W.Va. , back to camera, Rep. Jeb Hensarling, R-Texas. and the Committee's Ranking Republican Rep. Spencer Bachus, R-Ala. , confer on Capitol Hill...
View Photo »House Financial Services Committee member Rep. Adam Putnam, R-Fla. , listens to a vote during the committee's markup on the financial overhaul bill, Wednesday, Oct. 21, 2009, on Capitol Hill in Washington. Committee Chairman Rep. Barney Frank, D-Mass. , presides at left.
View Photo »U.S. Representative Barney Frank (D-MA) (2nd R) checks his mobile phone as he departs following a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.
View Photo »U.S. Representative Barney Frank (D-MA) (R) departs following a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.
View Photo »U.S. Representative Barney Frank (D-MA) talks during a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington November 3, 2009.
View Photo »U.S. Representative Barney Frank (D-MA) holds a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.
View Photo »U.S. Representative Barney Frank (D-MA) gestures during a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.
View Photo »U.S. Representative Barney Frank (D-MA) holds a news conference on issues before the House Financial Services Committee on Capitol Hill in Washington, November 3, 2009.
View Photo »WASHINGTON - OCTOBER 30: National Association of Federal Credit Unions representative Mark Colley, president and CEO of Tulsa Postal and Community Federal Credit Union, testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October...
View Photo »WASHINGTON - OCTOBER 30: North Carolina State Employees Credit Union President Jim Blaine testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Consumer Bankers Association President Richard Hunt testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Independent Community Bankers Association representative Michael Menzies, president and CEO of the Easton Bank and Trust, testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washingto...
View Photo »WASHINGTON - OCTOBER 30: Consumer Union Senior Policy Counsel Pamela Banks testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Former Associate General Counsel of the Board of Governors of the Federal Reserve System Oliver Ireland testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Dennis Dollar of Dollar Associates, LLC, testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: American Bankers Association's Center for Regulatory Compliance Vice President and Senior Counsel Nessa Feddis (L) testifies before the House Financial Services Committee about overdraft fees levied by banks as Center forResponsible Lending's Washington Office...
View Photo »WASHINGTON - OCTOBER 30: American Bankers Association's Center for Regulatory Compliance Vice President and Senior Counsel Nessa Feddis testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Center for Responsible Lending's Washington Office Director Eric Halperin testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Credit Union National Association representative Rodney Staatz testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: Consumer Federation of America Director of Financial Services Jean Ann Fox testifies before the House Financial Services Committee about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: House Financial Services Committee Chairman Barney Frank (D-MA) (R) talks with ranking member Rep. Spencer Bachus (R-AL) during a hearing about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: House Financial Services Committee Chairman Barney Frank (D-MA) (R) talks with ranking member Rep. Spencer Bachus (R-AL) during a hearing about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 30: House Financial Services Committee Chairman Barney Frank (D-MA) (R) and ranking member Rep. Spencer Bachus (R-AL) preside over a hearing about overdraft fees levied by banks on Captiol Hill October 30, 2009 in Washington, DC.
View Photo »WASHINGTON - OCTOBER 29: Committee Chairman Rep. Barney Frank (D-MA) (C) speaks during a hearing of the House Financial Services Committee on Capitol Hill October 29, 2009 in Washington, DC.
View Photo »Yesterday’s passage of the Paul amendment by the House Financial Services Committee is a dangerous move by this Congress to pander to the populist anger currently directed against our central bank, the Federal Reserve
The amendment, which won bipartisan support in the House Financial Services Committee despite the reservations of administration officials, would allow the Government Accountability Office to audit all of the Fed's operations, including its decisions on interest rates and its transactions with foreign c...
Americans who paid to bail out the banks and Wall Street deserve some relief too ... The Consumer Financial Protection Agency will level the playing field between banks and consumers, finally reining in the unfair practices that helped to bring the economy to the brink of collapse. CFA urges swift passa...
The House Financial Services Committee took an historic step in this direction Thursday when it voted to bring previously unregulated derivatives under the regulatory umbrella
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