HR 1207 - Bernanke warns of economic collapse if Fed Audit bill passes

[georgiaboy]

Ben needed to be pushed a little further on this line of questioning. I'd like him to elaborate on what he said. It needs to be picked apart. He needs to be quoted the Constitution and asked to reply. He needs to explain just how GAO or Congressional insight into the Fed's operations and internal policies might impact our economy so negatively.

Ben's got a lot more explaining to do to get behind this statement.

The big question is "Why?" as in "Why would HR1207 possibly kill the economy and the dollar?" "Just what do you expect them to find and react to in such a way that it could cause such a catastrophe?"

 

[georgiaboy]

An audit is a problem for an institution only if they cook their books and have balance sheet problems.

Yep, that what was preached to us all when Sarbanes-Oxley and the Patriot Act were shoved upon us.

"Honest citizens should have no problem with audits or surveillance. You're only against this if you have something to hide."


So, Ben, what, or whom, are you hiding?

 

[TRIGRHAPPY]

I find it infuriating that the U.S. Congress apparently has the authority to interrogate baseball players to find out if they have used steroids, yet if they actually audited the federal reserve it would constitute a "congressional takeover of the monetary system". So they can ask you what you've done with your body, but their authority stops short of taking an honest look at our monetary system?