To: AmericanHunter; Petronski
Just saw this clown questioning Bernanke about making the Fed more transparent. Ben said he'd be more than willing to give the Congress more information on the Fed balance sheet, lending programs etc. Kinda like what Ron wants in his audit bill.
Then Ben said, of course we can't mess with the Fed's independence in regards to monetary policy. Ron said, well of course that's the only thing that matters. What an assclown. Ron that is. LOL!
36 posted on
05/05/2009 9:59:00 AM PDT by
Toddsterpatriot
(Math is hard. Harder if you're stupid.)
To: Toddsterpatriot
Then Ben said, of course we can't mess with the Fed's independence in regards to monetary policy. Ron said, well of course that's the only thing that matters. What an assclown. Ron that is. LOL! Since the Constitution gives Congress the sole right to mint money, I do think that Ron Paul has a point here.
And if the Fed stays independent, what information they give to Congress will be only what information they choose to give to Congress. They'll no more allow themselves to be honestly audited than has Freddy Mae and Fanny Mae.
38 posted on
05/05/2009 10:15:36 AM PDT by
slowhandluke
(It's hard work to be cynical enough in this age)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson