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IPFS News Link • Federal Reserve

Fed Chairman Ben Bernanke Fears Economic Collapse If the Fed is Audited

• prisonplanet
My analysis of Bernanke's statement: “My concern about the legislation is that if the GAO (Government Accountability Office) is auditing not only the operational aspects of the programs and the details of the programs but is making judgments about our policy decisions, that it would effectively be a takeover of monetary policy by the Congress and a repudiation of the independence of the Federal Reserve which would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”

2 Comments in Response to

Comment by Lola Flores (20562)
Entered on:

He shouldn't worry.  No such thing is ever going to happen.  The Congresshores and the corporations that own them will never allow that on their shift

Comment by G Cone (18695)
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The link to this story doesn't work.

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