[1rudeboy]

Finally, a voice of sanity in this mess. Rep. Paul may have the purest of motives, but imagine Rep. Frank holding the hearings.

[Toddsterpatriot]

Mr. Bernanke has made it clear in recent testimony that he is not against all auditing of the Fed -- just not traditional monetary policy. He doesn't want second-guessing of the Fed's open-market operations or Federal Open Market Committee (FOMC) decisions concerning the federal-funds interest rate, reserve requirements and discount window lending. He has said unequivocally that audits of the Fed's extraordinary new financial programs would not be unwelcome, nor would audits of any new regulatory authority the Obama administration might give the Fed.

But, Jekyll Island, the Bilderbergers, the joooooos!!!!!!

[expat_panama]

Finally, a voice of sanity in this mess. Rep. Paul may have the purest of motives, but imagine Rep. Frank holding the hearings.

--or Obama appointing some croney that talks in 'greenspanspeak'.  Imho the best line was at the end:

 

Ironically, Mr. Bernanke himself may be partly responsible for the current brouhaha over transparency. His predecessor, Alan Greenspan, spoke to Congress in arcane terms that even economists found hard to decipher. In contrast, Mr. Bernanke speaks clearly and understandably and consequently invites more questions. When the door of understanding is opened, it instills the desire to become involved. Such are the risks of transparency.