Geithner: Auditing the Fed is a "line that we don't want to cross"
Thomas CostanzoSource: Corbett Report. In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed
spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable
Geithner attempts to dismiss the question by stating "I'm sure people
understand that you want to keep politics out of monetary policy." When
Geithner is again pressed on the issue, he makes the stunning assertion
that conducting an audit of the Federal Reserve—something never before
done in its 96 year history—is a "line that we don't want to cross,"
proclaiming that such a move would be "problematic for the country."