Oh, and if you really think that the Fed is audited, you need to get more information...
Well, here is the 2005 - 2006 audit. http://www.federalreserve.gov/boarddocs/rptcongress/annual06/pdf/audits.pdf
Here is a pretty good discussion on it, http://commentarama.blogspot.com/2009/12/audit-fed-pros-and-cons.html
Sen. Judd Gregg calls Paul’s move “Politcal Pandering.” http://www.rttnews.com/Content/PoliticalNews.aspx?Id=1136747
Another article detailing the Fed, http://www.oregonlive.com/opinion/index.ssf/2009/11/the_wrong_scapegoat.html
Six economists opinions, http://blogs.reuters.com/james-pethokoukis/2009/08/03/6-economists-on-why-ron-pauls-fed-audit-idea-is-wrong/
I too think there needs to be some changes in the Fed, but don’t feel Paul’s proposals is anything less than his own personal grudge.
I’m still checking around. I too once was in full support of his idea, but looking at the other side I’m discovering some of his claims aren’t necessarily genuine.