Huff Po reports:
A House-passed provision to open up the Federal Reserve to an audit by the Government Accountability Office is unlikely to be included in the Senate reform package, Barney Frank told a meeting of House Financial Services Committee members Wednesday, according to people in the room.
Frank, chairman of the committee, told the members that Senate Banking Committee Chairman Chris Dodd (D-Conn.) told him that he had assured Sen. Judd Gregg (R-N.H.) that it wouldn’t be a part of the bill. Gregg has been a strident opponent of the effort to open the Fed to an audit.
Do you think the Dems are really going to allow a GAO audit of the Fed to go through when they know such an audit would destroy the bank that makes their fat bloated government vote buying programs possible?
not a chance.
Our dear leaders use the Fed as their personal one-stop vote buying shopping center. Without the Fed to cash treasuries on demand and print endless money for endless government programs the vote buying communists you call politicians would be out of work post-haste.
Protecting the Fed is not conservative. Karl Marx felt the Fed was so important he included it as a central plank in his communist manifesto.
“Nevertheless, in most advanced countries, the following will be pretty generally applicable…
5. Centralisation of credit in the hands of the state, by means of a national bank with State capital and an exclusive monopoly.”
-Karl Marx, in the Communist Manifesto
Praise Stalin, for I am too dumb to be allowed to know what my own quasi-government cartel of private banks is up to.