BERNANKE threatening economic instability (collapse) if FED audited

NorthernSanctuary · 07-05-2009, 11:18 AM

“My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.”

http://www.youtube.com/watch?v=rjULF...layer_embedded

07-05-2009, 11:18 AM	#1
NorthernSanctuary Avalon Senior Member Join Date: Sep 2008 Location: Montreal, Canada Posts: 698	BERNANKE threatening economic instability (collapse) if FED audited “My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation.” http://www.youtube.com/watch?v=rjULF...layer_embedded

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