Quote:Auditing the Reserve doesn't make it heel the power of political forces, it makes the accountable for what they do with our currency. You know they're the ones making it possible to bail out all those big corporate banks you claim to hate.

 

How does it make it accountable in any way at all?

 

We already know of what the Fed had to do in the wake of Bush crashing the economy, what is the point of "auditing" (should be read as "digging for dirt") an independent authority if there's no authority to bring it to political heel.

 

It's clear, like I said, this is a political fishing expedition, and while I support a ton of regulation on banking practices I recognize nothing positive would come of the republicans digging through Federal reserve records/

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