Thread: Economics The "Fed"
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Old 02-23-2014, 10:40 PM   #13
petegz28 petegz28 is offline
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Quote:
Originally Posted by scott free View Post
Who is E&Y... why doesn't the fed chairman have to tell Congress where the money is going?

There isn't a real explanation for... why aren't they accountable to Congress... Bernanke had the guts to tell Congress to go pound sand when asked to account for himself, if its all common knowledge thanks to "E&Y", is Congress not privy to the "E&Y" reports?

Why ask Bernanke if its all so readily available and transparent?
Don't buy this crap about the audits. During all the TARP hoopla, the Fed was allowed to hide where all the money was going. It took the SCOTUS ruling several years after the fact that they had to disclose. Also on a more personal level, Bernanke is a ****ing idiot. The man was never right about 1 ****ing thing during is time as Fed Chair.
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