Wednesday, June 24, 2009

Bernanke is Going to get Roasted Tomorrow

Here is a link to a Washington Post blog entry that has people talking (the issue, not necessarily the blog entry... )

"Rep. Issa: Bernanke Engaged In 'Cover-Up' In Bank of America-Merrill Merger

Bernanke testifies on the Hill tomorrow before Issa's committee, so his provocative assertion today sets the stage for some drama. Issa is the ranking member of the House Oversight committee and has led the probe against Bernanke."

I don't know whether Bernanke should get another term but I am confident that there was a lot going on behind the scenes around Bear/Lehman/Merrill that every politician doesn't need to know and couldn't have processed at the time if given the info.

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