Comment

Barney Frank Surrenders to the Paulians

597
3 wood8/31/2009 1:12:25 pm PDT

re: #574 Charles

The Federal Reserve is already audited on a regular basis. This is a political fishing expedition intended to lay the ground for abolishing it entirely, and it’s a purely horrible idea to let Washington get its fingers any more deeply into the Fed than they already are.

Agree 100%. Moreover, it is an attempt by Congress to control the currency and the basis for market interest rates.