Bipartisan Financial Reform Bill in U.S. Senate: Federal Reserve Board Chairman Bernanke Lobbies Against Reformation

U.S. Senate Banking Committee Chairman Chris Dodd (D-Conn.) is spearheading a tripartisan Senate move to remove the Federal Reserve’s broad domestic regulating power and subject the U.S. central bank to government audits by a new governmental agency that would be called the Consumer Financial Protection Agency. According to financial analysts, the 30 Senate co-sponsors of […]