Congress to question Bernanke on his latest moves

04/2/2008 | Bloomberg · NYTimes.com

Ben S. Bernanke, chairman of the Federal Reserve, will testify before two congressional committees this week, and he is expected to be questioned about the Fed's role in the Bear Stearns rescue and other recent developments. "We want to know about precedent," said Sen. Charles Grassley, R-Iowa. "... People are willing to take chances if they think that the federal government is going to step in and bail them out all the time."

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Bloomberg · NYTimes.com

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