Zeev's Turnips Patch-No Politics (ZEEV)

[marketmaven]

Bernanke's STAFF opposed the Fed's AIG Bailout & now this:

A Republican senator said Tuesday that documents showing Federal Reserve Board Chairman Ben Bernake covered up the fact that his staff recommended he not bailout AIG are being kept from the public. And a House Republican charged that a whistleblower had alerted Congress to specific documents provide "troubling details" of Bernanke's role in the AIG bailout.

Sen. Jim Bunning (R-Ky.), a Bernanke critic, said on CNBC that he has seen documents showing that Bernanke overruled such a recommendation. If that's the case, it raises questions about whether bailing out AIG was actually necessary, and what Bernanke's motives were. (source: HuffPo's Ryan Grim)

Bernanke begs Reid to support him, Reid announces accelerated reconfirmation vote Thursday.... Double dealing scum!


France's Sarkozy and UK's Brown call for a new Bretton Woods