[GeronL]

Audit
Audit
Audit

[Lurker]

Filibuster the increase in the Debt Ceiling next.

[world weary]

Audit

An Audit isn't going to do much to the Fed, at best it will let us look at events 6 months to a year after they have already occured so the damage of this awful institution will already have been done, assuming anyone can even understand what really occured.

The only way to really bring it under control is to abolish it completely and put in place an organization that is owned by the people, not private banks.

[your local physicist]

NO, do not allow congress to audit the Fed. The Fed is run by brilliant people who know what they're doing, while congress is run by dolts who usually don't know much about economics. The super-low interest rates of 2002-2003 were a response to 9/11 that worked well for some time but unintentionally caused a speculative real estate bubble because of the foolishness of housing speculators, sub-prime borrowers, and some sub-prime lenders.

Keep congress out of the Feds' business! If congresscritters get involved in setting interest rate policy that will surely lead to much higher inflation in the future because congress will surely want to keep interest rates too low for its own short-term political benefit (by juicing up the economy in the short run). The LAST thing we want is people like Chuck Schumer and Barabara Boxer with any control over interest rates and monetary policy.