07/09/2014
https://www.congress.gov...
"The Fed does not have the authority to simply expend taxpayer dollars."
"this omnibus we are debating contains an additional $38 million for the Securities and Exchange Commission and the proposed budget of the President is around a 13 percent increase over the 2008 marks ..."
"You say that the biggest fault of OTS was not recognizing the magnitude of the situation developing with respect to credit default swaps."
"I am alarmed, because if the Fed has that position, it seems to contradict exactly what Mr. Polakoff said he did."