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 taxpayersâ€™ 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.