A new session of Congress will begin this week, and it could very well turn out to be the biggest one yet for the leading scourge of the financial establishment, Wright Patman. For most of his 42 years in Congress, Texas Democrat Patman, 76, has flailed away at banks and the Federal Reserve Board as the main sources of almost every conceivable economic trauma. Now that those institutions are being severely criticized because of the current credit scarcity, Patman, as chairman of the House Banking and Currency Committee, is flexing his political...
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