OpenCongress is upset that a Republican senator is holding the confirmation of the Special Inspector General at the Treasury Department whose job is to “oversee the whole process and make sure that the taxpayers’ money was being used legitimately” for the bank bailout. Sen Bunning: $50 million for Watchdog to Watch Nothing They speculate that […]
Sen. Bunning of KY gives Fed Chairman Bernanke and Treasury Secretary Paulson hell over the Fannie/Freddie bailouts and Paulson blows him off, as if he did not care what the senator thought. Remember, Congress has oversight authority over the Fed. I find this behavior outrageous. It’s time for the Fed to go. Via DailyPaul.