currency

Rep. Michele Bachmann has introduced a resolution to prevent President Obama from doing what he and Treasury Secretary Timothy Geithner say they have no intention of doing: replacing the dollar as the legal tender of the United States.

In a speech last week John Dugan, comptroller of the currency, issued a strong defense of the Community Reinvestment Act — a direct response to CRA critics such as U.S. Rep. Michele Bachmann, R-Minn., who have laid blame for the current housing crisis on anti-redlining legislation.