Federal Reserve Chairman Ben S. Bernanke has pushed aside central-banking tradition, scooping up $29 billion of assets from Bear Stearns Cos. and backstopping bond dealers. Congress wants to know where he draws the line.
Bernanke testified before two congressional panels Wednesday and will testify again today. The hearings mark his first trips to Capitol Hill since the Fed’s March 16 intervention to avert the bankruptcy of Bear, an extension of credit to a non-bank corporation that was unprecedented since the Great Depression.
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