So says Denis Kleinfield at Newsmax:
Who needs to operate in secrecy?
The Federal Reserve, Wall Street and the government.
But who gets audited? Investors.
Just this last week, however, proposals were introduced into Congress to audit the Fed.
Immediately the Fed , Wall Street and the administration told investors that it is vitally important that the Fed not be audited.
The logic being that if the Fed were audited, then it would lose its independence. An audit would, heaven forbid, bring politics into the Fed's decision making. And then, the entire financial world would be consumed in the fire pit of everlasting chaos.
That sort of logic is more properly classified as dog poop.
Do you remember the saying trust but verify? How can something be verified?
By auditing it. Without an audit it is quite impossible to trust the Fed or any of its operations.
If truth be told, the Fed has done a disastrous job for the last 100 years.
Forget the last 100 year, how good a job have they done in the last six years?
Tags: Audit the Fed