Bernanke Backs Legislation to Audit Emergency Loan Programs

by Benjamin Domenech on 10:53 am February 24, 2010

“‘We understand that the unusual nature of those facilities creates a special obligation to assure the Congress and the public of the integrity of their operation,’ Bernanke said today” in testimony to Congress. “The lag must be “sufficiently long” so investors won’t view a firm’s participation as an indication of current problems.”

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