Federal Reserve Board Chairman Ben Bernanke’s confirmation vote by the Senate for a second four-year term has been delayed, pending receipt by the committee of documents concerning the Fed’s role in the massive bailouts of the U.S. financial industry in 2008 during the economic meltdown.
Three Republican senators – all members of the Senate Banking Committee – are pushing for release of all documents concerning the Fed’s role in the bailouts, especially that of the crippled insurance giant AIG before the confirmation vote is taken.
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