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Inside Washington (04/09/2012)
  • WASHINGTON (4/10/12)--Thomas J. Curry was sworn in Monday to become the 30th Comptroller of the Currency, regulator of more than 2,000 national banks and federal savings and loans, as well as certain federal branches of foreign banks operating in the U.S.  The comptroller also becomes a director on the board of the Federal Deposit Insurance Corp. (FDIC). Curry, prior to being confirmed as comptroller on March 29, served as an FDIC director since 2004, and as chairman of the NeighborWorks America board of directors. NeighborWorks is a coalition of affordable-housing organizations. Among other positions held, Curry served as chairman of the Conference of State Bank Supervisors from 2000 to 2001, and served two terms on the State Liaison Committee of the Federal Financial Institutions Examination Council …
  • WASHINGTON (4/10/12)--A report released last week by the Federal Reserve inspector general (IG) said the Fed was not involved in the 1970s Watergate burglary or arms sales to Saddam Hussein, as alleged by Rep. Ron Paul (R-Texas), who is also a Republican presidential candidate. During a February 2010 hearing with Fed Chairman Ben Bernanke before the House Financial Services Committee, Paul alleged that money used during Watergate scandal "came through the" Fed," and that investigators looking into the scandal "were always stonewalled" by the central bank, the IG said. Paul also alleged that the Fed "facilitated a $5.5 billion loan to Saddam Hussein, who then bought weapons from our military industrial complex …" Following Paul's comments, Rep. Barney Frank (D-Mass.), then the chairman of the committee, asked the Fed to look into the claims. "We did not find any evidence of undue political interference with Federal Reserve officials related to the 1972 Watergate burglary or Iraq weapons purchases during the 1980s," the report said ...


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