They DO audit TARP. Maybe one day they’ll audit the Fed.
I would rather see government regulators be people with experience in the banking industry.
Because as a practical matter, if you exclude people with banking experience, what you’re left with as a pool of people from which to choose your regulators are left-wing professors.
This demonization of the big banks by the Left is similar to the demonization of the big health insurance companies by the Left.
Both industries are among the most regulated activities on earth, and yet the Left points to both as illustrating the “failure of unfettered capitalism” to argue for nationalization (or effective nationalization through complete government control, like ObamaCare).
Any resemblance between these industries and unfettered capitalism is purely coincidental.
looks like the demonization of the banks is starting to come from inside:
Former Citi CEO: Break up big banks
http://www.bankrate.com/financing/banking/former-citi-ceo-break-up-big-banks/
Audit the Fed passed overwhelmingly in the house today, complete by-partisan support, suddenly Harry Ried a champion of auditing the Fed thinks maybe it’s a bad idea now. Personaly I think the powers that be are afraid of what they may find, that the Fed has been bailing out foriegn banks and governments and that the Fed itself is broke and has been printing money to stay solvent. If that information was made public the dollar would indeed colapse.