Ben Bernanke on Ron Paul’s Proposed Leglslation to Audit the Federal Reserve

June 26th, 2009

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

Posted in Dictatorship, Economy, Elite | Top Of Page

2 Responses to “Ben Bernanke on Ron Paul’s Proposed Leglslation to Audit the Federal Reserve”

  1. scrod says:
    June 26, 2009 at 9:34 pm

    that would effectively be a takeover of monetary policy by the Congress, a repudiation of the independence of the Federal Reserve

    Sounds like a plan, Ben! It’s about time we started abiding by the U.S. Constitution again.

  2. FRLVX says:
    June 26, 2009 at 9:55 pm

    His response sounds like flat out gangster lingo, with the matter-of-fact thinly vieled dire threat.

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