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Turf Wars: Fed, SEC vs. Congress, Treasury

Posted on June 28, 2008

The infighting between Fed governors as noted in Fed Governors Openly Question Bernanke's Competence, has now become a major turf war involving the Fed, Congress, the treasury department, and the SEC.Senators Dodd, Shelby Warn Fed, SEC on Rushing Securities Deal.Federal Reserve Chairman Ben S. Bernanke and Securities and Exchange Commission Chairman Christopher Cox were ordered by two top senators not to proceed with a deal overseeing Wall Street until consulting with Congress. We ask that no action be taken before legislators can decide it's in the economy's best interests, Connecticut Dem...

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