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Federal Reserve Posts Letters Criticizing Articles, Bloomberg Responds

Federal Reserve

First Posted: 12/07/11 09:12 AM ET Updated: 12/07/11 09:12 AM ET

In a six-page letter today addressed to the Senate Banking Committee, Ben Bernanke lashes out at "a series of articles–one just last week–concerning the Federal Reserve's emergency lending activities". He says those articles "have contained a variety of egregious errors and mistakes". And he encloses "a memo prepared by Board staff that addresses some of the most serious errors and claims in those articles".

Read the whole story: Reuters

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Filed by Harry Bradford  |