Mindful that democrats now control the white house and


In late 2009, during the debate over the DoddFrank Act, a newspaper article noted: Last summer, the central bank hired an experienced Democratic hand and former lobbyist, Linda Robertson, to help deal with members of Congress. . . .

Mindful that Democrats now control the White House and Congress, Mr. Bernanke put up virtually no opposition to President Obama's proposal for a new consumer agency that would take over the Fed's authority over consumer lending issues. Do the points raised in the article shed light on the Fed's motivations? Briefly explain.

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Financial Management: Mindful that democrats now control the white house and
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