Wednesday, March 3, 2010

Barney Frank to Bernanke: Probe the "Bizarre"

House Financial Services Committee Chairman Barney Frank asked Federal Reserve Chairman Bernanke to investigate allegations of Fed involvement in the Watergate scandal and Iraqi weapons purchases in the 1970s and 1980s, according to Bloomberg.

Representative Ron Paul asked questions about “inappropriate political interference” and “hidden transfers of resources” during a Feb. 24 hearing with Bernanke, and the allegations “must be fully investigated,” Frank said in a letter today to Bernanke and obtained by Bloomberg News.

At the time of Ron Paul's questioning, Bernanke responded, “These specific allegations you’ve made I think are absolutely bizarre, and I have absolutely no knowledge of anything remotely like what you just described.”

Since the questioning by Paul, it has become clear that odd events with possible Federal Reserve participation have occurred surrounding Watergate and when Iraq was a client state of the U.S., see here and here.

1 comment:

  1. Funny headline. At first I thought you meant Bernanke should probe Barney Frank, who is afterall a truly bizarre character.