[americanophile]

I say good for Paul. No governmental entity can or should be beyond congressional oversight, and unlike national security secrets, there shouldn't be anything about our banking system that can't be reviewed by the people's representatives...swine that they are. The real problem, will not be their review of the Fed as a matter of congressional prerogative, it will be what horrible solutions Congress proposes to any moderate problems they find.

[WOSG]

The real problem, will not be their review of the Fed as a matter of congressional prerogative, it will be what horrible solutions Congress proposes to any moderate problems they find.

Nailed it. I had an unsettled feeling about this, even though I know its a Good Thing ... and you've expressed it perfectly.

There is no way in heck the Pelosi crowd could "Audit" the Fed in a useful way. Worst case - a political shakedown and the destruction of the independence of the Fed. Best case - Grandstanding and Bush-bashing.

WE'll know we are toast when the Fed bankers are found on a video singing a Barack Hussein Obama song.