Stupid politicians pandering to stupid voters. Yup. Stupid.
in short, the very people with whom that audit is to be shared who believe that they don't know enough of the Fed's operations, and are demanding to know more.
In questioning today, Ben told Ron he'd be happy to give Congress more info on their balance sheet, loans, etc. But the Fed's independence to perform monetary policy shouldn't be changed. Then Ron said, the policy was the only important thing.
So much for the audit uncovering anything important. Even Ron knows it won't, wouldn't, can't.....
So did RP and the other 11 sponsors withdraw the Audit the Fed bill? No? Then what a crock!
111, not 11
Ron Paul has previously sponsored bills to end the Federal Reserve, so the idea that he's doing a wink, wink with Bernanke is ridiculous. I saw the same discussion you did. It's here.. "Policy is the only important thing" was the last thing RP said and it sounded a lot more tongue-in-cheek to me than a real agreement.
The list of Congressmen sponsoring this bill is a who's who of some of the most popular politicians amongst people on this site. Sorry your brand of Republicanism is being left in the past.