This podcast mentioned that Bernanke, the chairman of the Federal Reserve, be questioned the merger of the Bank of America and the Merrill Lynch. Some lawmakers thought that Bernanke gave the pressure to the Bank of America to merge the Merrill Lynch, but Bernanke denied it. The most interesting thing is that the Republican lawmakers criticized Bernanke, who belongs to Republican Party, but the Democrats tried to defend Bernanke. Nowadays the investigation is proceeding, and they tried to find the truth by the e-mails and the documents.
In many countries, this kind of situations happened frequently, especially those immature politics countries. The politics is not only the meaning of dealing with public stuff, but also the balance of power and negotiation of advantage. For example, building a subway is an advantage for the public, but some groups tried to stop government to constructing the subway because they did not get some benefit for this transportation construction, such as the reimbursement of noise, the exemption of and tax, or the subsidy of traffic damage. Therefore, government has two ways to solve this problem. First, discussing with those groups, government find the greatest public interest. The new program is not the best of this construction but the one which most people get the benefit. Even though this solution takes a lot of time, it is the way to show the democracy. Second, government can choose the best of this construction, but government will force those groups muted. This solution is often adopted by the communist countries.
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