Tuesday, January 12, 2010

New York Fed to be subpoenaed for AIG bailout docs

http://finance.yahoo.com/news/New-York-Fed-to-be-subpoenaed-apf-3658793558.html?x=0&sec=topStories&pos=1&asset=&ccode=

It never ceases to amaze me regarding the given powers to the FED considering that they are really only a private corporation.

Issa asked Towns to subpoena the New York Fed after the Federal Reserve blocked a separate request for documents.

The Fed told the special inspector general for the financial bailout not to provide documents Issa had requested as part of his investigation.