The Federal Reserve was served a subpoena from a Congressional committee Tuesday, as lawmakers demanded documents related to Bank of America’s acquisition of Merrill Lynch. In our view, this is a symptom of more trouble for the Fed to come.

Chrysler’s asset sale to Fiat was delayed by the U.S. Supreme Court. Justice Ruth Ginsberg issued a one-sentence order stating the sale is “stayed pending further order.” All law abiding citizens – rejoice!

German Chancellor Angela Merkel caused a stir when warning the European Central Bank not to engage in asset purchases. She has received a lot of attention as it is an unwritten rule not to infringe on the independence of central bankers. We be believe it is not only appropriate, but also her duty to speak out.

“The current account deficit is down as we are less reliant on foreigners to finance our deficits;… ” This statement by Fed Chairman Bernanke is so troublesome, let’s examine it a step at the time.

Read former St. Louis Federal Reserve President William Poole’s speech presented to the CFA Society of San Francisco.

Fed chairman Bernanke is eager to share more of his forecasting acumen.

In this exclusive presentation, former Federal Reserve President William Poole and portfolio manager Axel Merk describe the buildup to the Credit Crisis, the Administration’s response and the implications for the individual investor.

In a CNBC interview, Dallas Fed President Richard Fisher was asked whether the Fed was\nprinting money to finance government spending.