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Democrats Oppose Fed Audit, Don’t Want to Give the Impression That They Meddle in Financial Affairs

anywoman Wrote: Jul 26, 2012 12:55 PM
Hey Barack! Not only audit the Fed, show the proceedings on C-SPAN! Oh yeah, another unfulfilled promise.......

You can’t make this stuff up. Democratic leaders are apparently worried that auditing the Federal Reserve will give the financial market a reason to worry about lawmakers wanting to intervene in financial affairs. That ship sailed a long, long time ago. From the Washington Times :

 

Fed Chairman Ben S. Bernanke doesn’t like the prospect of such a broad audit, calling it a “nightmare scenario” last week and saying it would lead to politicians second-guessing his decisions.

 

Opposition in Congress came chiefly from Democratic leaders, who said they doubt the bill ever becomes...