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

MicahStone Wrote: Jul 26, 2012 2:07 PM
When SCOAMF Bawney Fwank,a principal architect of the current US economic depression, defends bailout bernanke and the feckless Fed, you know they are as STINKING and ROTTEN as an eco-fascist's compost heap.

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...