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Congress is losing its patience with the Fed
Lawmakers on both sides question power, handling of Wall Street bailouts
updated 2:01 p.m. ET, Sun., Nov . 22, 2009
WASHINGTON - Suddenly the Federal Reserve is everybody's punching bag.
Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say.
The chairman of the Federal Reserve Board is always fair game for criticism and second-guessing, usually over interest rate actions. But this year the criticism is much broader as Congress responds to widespread public anger that the Fed bailed out Wall Street but not ordinary Americans, and with unemployment in double digits.
Continues: http://www.msnbc.msn.com/id/34093776...s-us_business/
Angry Congress lashes out at Obama
ECONOMIC WOES TAKING A TOLL
House Republicans call on Geithner to resign
By Brady Dennis, Zachary A. Goldfarb and Neil Irwin
Washington Post Staff Writer
Friday, November 20, 2009
Growing discontent over the economy and frustration with efforts to speed its recovery boiled over Thursday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration.
Episodes in both houses of Congress exposed the raw nerves of lawmakers flooded with stories of unemployment and economic hardship back home. They also underscored the stiff headwinds that the administration faces as it pushes to enact sweeping changes to the financial regulatory system while also trying to create jobs for ordinary Americans.
Continues: http://www.washingtonpost.com/wp-dyn...111903167.html