The only defense against Audit the fed.

[LibertasPraesidium]

http://online.wsj.com/article/SB10001424052748704402404574525570583604860.html?mod=googlenews_wsj

Posted on the Wall street journal opinion from a college professor on monetary policy and financial systems.

What to do about the argument and how to turn it around in our favor. Ill post more later. Have to do some research.

 

[Bossobass]

My reaction to the article:

Dear mr. professor and ex governor for the Fed,

I wanna know E-V-E-R-Y-T-H-I-N-G about my money, so fuck you and the horse you rode in on.

BTW, who's turn is it at the Fed to take that lapdog, Mel Watt for a walk? I suggest you have whomever it is walk Watt in someone else's yard to take his shit.

Bosso

 

[HOLLYWOOD]

This explains it all... another Keynesian Chicagoan Obamabot.

Mr. Kashyap is a professor and director of the initiative on global markets at the Booth School of Business at the University of Chicago.

Well coordinated... the lobbying and propaganda continues... add those two op-ed WSJ hacks to the list of the tenacles of the FEDERAL RESERVE:

Fortunately, Congress is considering an amendment to the bill that would prevent the negative consequences of the original Paul legislation. This amendment, put forward by Rep. Mel Watt (D., N.C.) would change the focus of the bill by instructing the GAO to audit the new lending facilities at the Federal Reserve that were authorized under the 13(3) "unusual and exigent circumstances" clause of the Federal Reserve Act. The 13(3) lending authority, which had not been used by the Fed since the Great Depression, was the basis for many of the most controversial decisions made during the crisis, including the rescue of AIG and the establishment of new lending facilities.

 

[DrCap]

His CV also reads:

Other Current Affiliations
Consultant, Research Department, Federal Reserve Bank of Chicago, 1991 – present.

And in his Biographical statement:
Prior to joining the Chicago Booth faculty in 1991, Kashyap spent three years as an economist for
the Board of Governors for the Federal Reserve System. He currently works as a consultant for the
Federal Reserve Bank of Chicago, and serves as a member of the Economic Advisory Panel of the
Federal Reserve Bank of New York, and as a Research Associate for the National Bureau of
Economic Research (NBER).