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Bailout
: Calculated RiskSenate Passes One-Time Fed Audit
By Anonymous
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From the NY Times: Senate Backs One-Time Audit of Fed?s Bailout Role The Senate on Tuesday voted unanimously to require a one-time audit of the Federal Reserve?s emergency actions during and after the 2008 financial crisis as part of broad legislation overhauling the nation?s financial regulatory system.This is a one time audit (as opposed to the house bill), and would also require the Fed to release a list by Dec 1, 2010 of all of the institutions that received emergency assistance during the financial crisis.
Full post as published by Calculated Risk on May 11, 2010 (boomark / email).
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Cipro
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