Federal Reserve SUBPOENAED 
Karl Denninger
Tuesday, June 9. 2009
Those arrogant pricks over at The Fed thought they could ignore a Congressional request for information on the BAC/Merrill merger.
Note that they didn't say "nuts", they apparently ignored the request.
Well, there is now a subpoena floating over toward Bernanke's office.
Here's the Bloomie article:
http://www.bloomberg.com/apps/news?p...d=aRWcn.Fvrzys
Excerpt:
Quote:
June 9 (Bloomberg) -- The Federal Reserve was subpoenaed by the House Oversight Committee for e-mails and documents related to Bank of America Corp.’s purchase of Merrill Lynch & Co. after the panel was unable to obtain them through a request last week.
The committee served the subpoena today, Jenny Rosenberg, a spokeswoman for the panel, said in a telephone interview. The panel is seeking the internal Fed documents for a hearing scheduled for June 11, and Bank of America Chief Executive Officer Kenneth Lewis has agreed to testify, she said.
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CNBS is reporting that The Fed has said they will "respond", which may or may not mean "comply".
We shall see.
SOURCE: http://market-ticker.denninger.net/a...UBPOENAED.html