2009-06-09yahoo.com

A House of Representatives committee on Tuesday said it would subpoena the Federal Reserve to force the central bank to surrender documents regarding its role in Bank of America's (BAC.N) takeover of Merrill Lynch last year.

House Oversight Committee Chairman Edolphus Towns was joined by the ranking Republican Darrell Issa in agreeing to serve the subpoena on the Federal Reserve.



Comments:

MortgageDrummer at 20:10 2009-06-09 said:
What exactly would that do?

I'm sure some (buddy) knows some (buddy) and his buddy knows your buddy and don't tell on their buddy or he will tell on her buddy and . . . . so on and so on and so on. . ...

"There you have it, the cost of greed! . . and it keeps going on and on and on and on. . . . .....and not one person is doing anything about it!!!

The problem I see is that it is not going to get any better either. Just take a look at our public schools . . the children are the same the parents have changed!! The children growing up today are our future and they are not taught morals, respect and the way you treat other people. I'm scared that what is happening today gives some of our youth the idea that this is acceptable behavior and somewhat the norm.

Most of us in our 50's had a totally different up bringing. You just did the right thing and never ever gave anything else another thought. My father is turning in his grave at what is happening to our world today!! :cry: :x

[size=18:19e26127e4]"I want to start up a new country!"[/size:19e26127e4] Permalink

catherine at 21:58 2009-06-09 said:
WOW, I was told this stuff couldn't happen,

people are paying attention and this time the crooked don't walk into the sunset

The last year of deals MADE WITH TAXPAYER MONEY will see sunlight and it will be a slow process but this is the same as Tangelo LYING WHILE HE CASHED OUT MILLION AND CAUSED OTHERS TO LOSE MILLIONS

SAME HERE OLE KENNY BOY WILL BE DOING THE PERP WALK AND IF WE ARE LUCKY BENNIE AND PAULSON WILL BE JOINING HIM

the old days of Greenspan and Rubin leaving the scene of the accident are over and hell they might even bring those pigs back for a peek, can only hope

THIS IS GREAT AND SOME IN CONGRESS FOUND THEIR STONES, LET'S HOPE THEY KEEP THEM Permalink

ronin at 01:07 2009-06-10 said:
Keep these BofA "the devil made me do it" stories coming! They are delightful, at least to those of us in San Francisco who remember the bank as it was before Hand Grenade Hugh played chicken with David Coulter and won the right to put the name of one of the nation's finest financial institutions on the bank formerly known as No Cash for No Body.

When the Feds told A. P. Giannini, the founder of BofA, as they often did, that he could not do something he felt he was legally entitled to do, he would tell them where to go and offer them a fast ride to get there.

I can just imagine his reaction to being told to buy a golden bull and to keep his mouth shut about it. The twelve prophets in the Old Testament would have grinned.

As many of us are. Permalink

tvsterling at 07:13 2009-06-10 said:
What the country needs to do is trim the jewells of the MIGHTY FED & make it an appendage of the treasury, firmly under the control of the people. What have these jerks done for you & me? They were supposed to plot a course of wise monetary policy but no they joined Bushy The Bungler in throwing gasoline on the fire. Let's end this good old boy's club just for the fun of it, what do you say. Permalink

add a comment | go to forum thread