While the accusation is being made by a Republican Congressman, this is not a partisan issue. The issue is the private cartel Federal Reserve going beyond their authorized functions.
Fed accused of "cover-up" in BofA deal: lawmaker
By Kim Dixon
WASHINGTON (Reuters) - The Federal Reserve sought to hide its involvement in Bank of America Corp's (BAC.N) acquisition of Merrill Lynch as Merrill's financial condition worsened, the top Republican on the House Oversight and Government Reform Committee said on Wednesday.
The Fed "engaged in a cover-up and deliberately hid concerns and pertinent details regarding the merger from other federal regulatory agencies," Representative Darrell Issa said in a statement released to Reuters. ...
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