Rep. Frank eyes Fed audit, emergency lending curbs

WASHINGTON (Reuters) – Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, said he plans legislation to restrict the Federal Reserve’s emergency lending powers and subject the central bank to a “complete audit.”

Rep. Frank seeks compromise on Fed audit bill

WASHINGTON (Reuters) – Rep. Barney Frank, the chairman of the U.S. House of Representatives Financial Services Committee, hopes to craft a compromise bill with lawmakers who want to open Federal Reserve monetary policy decisions to audits, a spokesman for Frank said on Saturday.

Stanford hospitalized as CFO pleads guilty to fraud

HOUSTON (Reuters) – Accused swindler Allen Stanford was hospitalized on Thursday with a high pulse rate, hours before his former top aide entered the first guilty plea in a $7 billion fraud case.

Allen Stanford hospitalized, CFO Davis pleads guilty

HOUSTON (Reuters) – A top aide to accused swindler Allen Stanford entered the first guilty plea on Thursday in a $7 billion fraud case as Stanford was hospitalized with an “extremely high” heart rate.

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