"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Fed Hit by Subpoena - Fasten Your Seatbelt
?The Federal Reserve was served a subpoena from a Congressional committee Tuesday, as lawmakers demanded documents related to Bank of America' s acquisition of Merrill Lynch. In our view, this is a precursor of more trouble to come for the Fed.?
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