Elizabeth Warren Opposes "Congressional Meddling" 'Audit The Fed' Bill

[RamRoddoc]

It would appear the powers that be are getting nervous. Yesterday, Fed Governor Jerome Powell (and Fisher and Plosser) stepped up the central bank’s push against what he termed congressional efforts to extend political influence over monetary policy, calling them "misguided" and "in violent conflict with the facts." Today we have Senator Elizabeth Warren trying to sound supportive of transparency but proclaiming that she opposes Rand Paul's "Audit The Fed" Bill because it promotes "congressional meddling in the Fed’s monetary policy decisions."

http://www.zerohedge.com/news/2015-02-10/warren-opposes-congressional-meddling-audit-fed-bill

Sen. Rand Paul, R-Ky., has introduced bill, S. 264, that would require “full audit” of Fed; measure has ~30 cosponsors

http://www.wsj.com/articles/central-bankers-bash-audit-the-fed-bill-1423524195?mod=rss_US_News

Perhaps this sums up the opposition best...
If we allow oversight of the Fed, it could become more difficult to funnel trillions to failed bankers.
— Rudolf E. Havenstein (@RudyHavenstein) February 9, 2015

 

[Grdbreaker]

IF YOU ARE VIEWING THIS THREAD YOU ARE THE RESISTANCE

 

[fattboyzz]

How dare we want accountability

 

[FrogHunter]

I would be extremely surprised if this bill ever passes. Sure some politicians will sign on to get votes but the powers that be won't allow it.

 

[Springfield 1911]

I say let both chambers pass it and then when BO dosen't sign it roast him on the news outlets.

 

[chucklenut]

transparency for the win

warren is a ****bag through and through

 

[Cobalt 60]

Well in THEORY the Fed is supposed to be independent so that it can set monetary policy without political intervention. Theories are awesome.

 

[chucklenut]

Well in THEORY the Fed is supposed to be independent so that it can set monetary policy without political intervention. Theories are awesome.

absolutely

thats what all these so called educated elite and the upper echelon of academia focus on, the theory and model, since its all they can "prove"

of course, real world application be damned. which is why africa for example has never succeeded from interjections of capital and aid, unlike the marshal plan and asian tigers. this is also why the affordable care act is supposed to save people money, yet insurance rates are higher than ever