“We Wouldn’t Want Anyone to Get Hurt, Now Would We?”

You’ve heard the arguments:

  • If we audit the Federal Reserve, that is a “line that we don’t want to cross,” and it would be “problematic for the country”, according to Tim Geithner
  • If we audit the Fed, it could lead to higher interest rates and reduced confidence in central bank policy, according to the Fed’s chief counsel, Scott Alvarez

If an audit would reduce confidence in central bank policy, wouldn’t that be because central bank policy has been terrible, and an audit has revealed that fact?

On the other hand, if an audit showed that the Fed had been doing an honest and competent job, wouldn’t that increase confidence in the Fed?

And doesn’t the whole “problematic for the country” and “higher interest rates” thing sound a wee bit like the old protection racket scam?

“We wouldn’t want anyone to get hurt, now would we?”

I’m just saying.

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  • http://www.blogger.com/profile/06085453169145598276 Paul999

    Bernanke's & Geithner's comments, regarding audit of the Federal Reserve, tell me that if people new what they are doing in response to our present financial crisis, they wouldn't have any confidence in it at all and so it wouldn't work! This means that the only way it will work is if the people believe that it is something that it is not. The present policy to knowingly misinform, deceive and manipulate to keep people engaged in the economy will lead people into decisions that will cost them much in the near future. Even if the intent of this fraud was to truly help, it is still a knowingly fraudulent act with consequences for all.

  • http://Anonymousnoreply@blogger.com Anonymous

    Sounds like a shake down to me… think they have enough mercs to take the US by force? or would it be the usual kill a few key folk and everyone else STFU?

  • http://www.blogger.com/profile/06507232690375884354 mannfm11

    The comments sound more like the boogieman under the bed story a kid tells. If there is something wrong in an audit, it is generally because fraud has been committed. Koo over in Japan (Michael or Richard?) said that while he was with the Fed in the 1980's, the big NY banks were all broke. Rather than bring it up, they merely papered over it and let time and compound interest bail them out. We might wonder how long some of these guys have been broke this time while stuffing their pockets with billions in bonuses and regular income.

  • http://Anonymousnoreply@blogger.com Anonymous

    When i start arresting the Bush/Obama Global Terrorist Crime Cartel, aka Defence Contractor War Profiteers,you better know they will go down begging and screaming and crying as they are dying…

  • http://Anonymousnoreply@blogger.com Anonymous

    Arrest Warrant for the Bush/Obama Global Terrorist Crime cartel: I second that Motion…Any opposition?

  • http://Anonymousnoreply@blogger.com Anonymous

    We The People hereby declare "arrest on sight warrants" for the Bush/Obama Global Terrorist Crime Cartel,aka, Defence Contractor War Profiteers…

 

 

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