Geithner: Auditing the Fed Is a “Line That We Don’t Want to Cross”
August 26th, 2009Via: Corbett Report:
In an interview released today by Digg and the Wall Street Journal, Treasury Secretary Timothy Geithner was pressured about the growing popular movement to Audit the Fed spearheaded by Texas Congressman Ron Paul. A visibly uncomfortable Geithner attempts to dismiss the question by stating “I’m sure people understand that you want to keep politics out of monetary policy.” When Geithner is again pressed on the issue, he makes the stunning assertion that conducting an audit of the Federal Reserve—something never before done in its 96 year history—is a “line that we don’t want to cross,” proclaiming that such a move would be “problematic for the country.”
“tragic mistakes”? This man has climbed out of a litre can of snake-oil. Everything he says in this interview is designed to slip and slide around the obvious reality that the Federal Reserve and Goldman Sacs crew are a ruthless cartel, plain and simple.
Talk about pathological. It all sounds so reasonable if you live in a reality of paint-by-numbers economics and Disneyland perception.
Well, I’m sure glad I’m being protected as a taxpayer. Wouldn’t want my money to line the pockets of the uber-rich or anything.