Will heat from the Hill influence Bernanke?

Filed under: Politics, Federal Reserve, Financial Crisis

Do you think Fed Chair Ben Bernanke is feeling a little heat these days? Well, that's sort of like asking, do you think the New York Yankees have a pretty good lineup?

A faction of Congress -- mistakenly -- blames primarily the Fed for the housing bubble, subsequent bust, and the financial crisis. Some of these very same representatives and senators also argue that bad mortgages largely stemmed from the federal government's 'forcing banks to lend' to citizens who were high-risk, and that banks wouldn't have lend to these applicants on their own.

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Will heat from the Hill influence Bernanke? originally appeared on BloggingStocks on Tue, 15 Dec 2009 18:00:00 EST. Please see our terms for use of feeds.

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