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

PMcQB Wrote: Jul 26, 2012 3:38 PM
"I will have the most transparent presidency ever."
Nationaljester Wrote: Jul 26, 2012 3:39 PM
We can see through all of their lies, schemes and plots. The dumbing down of our schools is their best weapon.

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...