IN CASE YOU MISSED IT: Scott Garrett on the Fed, Stimulus 2, and Financial Services Reform
Washington,
Jul 13 -
Rep. Scott Garrett (R-NJ) has spoken out recently regarding his calls for an investigation into the Federal Reserve, as well as the possibility of a second stimulus package and the issue of financial services regulatory reform.
Selected TV and Radio Appearances:
CNBC’s Squawk Box– Monday, July 13, 2009
WRNJ Radio – Monday, July 13, 2009
FOX News – Friday, July 10, 2009
CNBC – Friday, July 10, 2009
FOX Business News – Friday, July 10, 2009
In addition to participating in TV and Radio appearances, Garrett was also mentioned in the following print pieces:
Wall Street Journal, House Lawmakers Blast Bernanke Merrill Role in Objection to More Fed Power, July 10 - "Seventeen House lawmakers — including three Democrats — sent a letter to President Obama on Friday saying that a full investigation of the Federal Reserve’s role in Bank of America’s acquisition of Merrill Lynch is necessary before Congress should approve expanding the central bank’s powers by overhauling financial market rules. The letter was released by Rep. Scott Garrett (R., N.J.)."
Wall Street Journal, Lawmakers Call for Fed Probe, July 10 – "If a thorough investigation of these events brings to light conclusive evidence that the Federal Reserve has overstepped its authority and abused its power under current law...it would be inappropriate to grant it sweeping new powers," said the July 10 letter signed by Reps. Scott Garrett (R., N.J.); Alan Grayson (D., Fla.) and others.”
Wall Street Journal, Geithner Outlines Derivatives Plan, July 10 - "Mr. Geithner said he doesn't support banning so-called naked credit-default swaps, but he does want to see them regulated. His comments came in response to questioning from Rep. Scott Garrett (R., N.J.), during a joint hearing Friday held by the U.S. House Agriculture and Financial Services committees."
Reuters, US Congressional group asks White House for Fed probe, July 10 - "Rep. Scott Garrett, Republican from New Jersey, urged Obama to think twice before concentrating that much authority in the hands of the Fed, and called for a probe of its role in Bank of America's (BAC.N) takeover last year of Merrill Lynch."
The Hill, 17 members seek Fed probe over BofA, July 10 – “Seventeen House members from both parties are calling on the Obama administration to investigate the Federal Reserve over its role in Bank of America's acquisition of Merrill Lynch at the height of the financial crisis.”
CQ, Federal Reserve Official Seeks to Reassure Lawmakers, July 10 - "New Jersey Republican Scott Garrett questioned Kohn about the Fed’s broad powers to lend in times of crisis...Garrett asked whether Kohn would agree that power should be “reined in to limit the ability to actually pick a particular institution and proverbially bail them out.”
Universal Broadcasting News, Bank of America, INFY, AIG, PSMT, APWR, SMRT, OFG Popular Stocks, July 10 - "Seventeen House lawmakers — including three Democrats — sent a letter to President Obama on Friday saying that a full investigation of the Federal Reserve’s role in Bank of America’s (NYSE:BAC, $11.92, -$0.05, -0.42%) acquisition of Merrill Lynch is necessary before Congress should approve expanding the central bank’s powers by overhauling financial market rules. The letter was released by Rep. Scott Garrett (R., N.J.)."
