In late 2009, during the debate over the Dodd-Frank Act, a newspaper article noted: Last summer, the
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In late 2009, during the debate over the Dodd-Frank Act, a newspaper article noted:
Last summer, the central bank hired an experienced Democratic hand and former lobbyist, Linda Robertson, to help deal with members of Congress. . . . Mindful that Democrats now control the White House and Congress, Mr. Bernanke put up virtually no opposition to President Obama’s proposal for a new consumer agency that would take over the Fed’s authority over consumer lending issues.
Do the points raised in the article shed light on the Fed’s motivations? Briefly explain.
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Yes the points raised in the article shed light on the Feds motivations particularly regarding its r...View the full answer
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Related Book For
Money Banking And The Financial System International Edition
ISBN: 978-1292000183
2nd Edition
Authors: R. Glenn Hubbard ,Anthony P Obrien
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