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Fed Lawyer: Audits Called for by Ron Paul Could Hurt Monetary Policy

Submitted by bravoseis on Fri, 09/25/2009 - 01:50
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Fed Lawyer: Audits Called for by Ron Paul Could Hurt Monetary Policy

By Michael Crittenden
Legislation giving U.S. government investigators broader authority to audit the Federal Reserve could erode confidence in the central bank’s independence and ability to conduct monetary policy, a top Fed official will tell lawmakers Friday.

Fed General Counsel Scott Alvarez, in testimony prepared for a Friday hearing, said legislation in the U.S. House of Representatives giving the Government Accountability Office greater leeway to examine the central bank could have a detrimental effect.

“These concerns likely would increase inflation fears and market interest rates and, ultimately, damage economic stability and job creation,” Alvarez said in the prepared remarks for the House Financial Services Committee hearing.

Continue @: http://blogs.wsj.com/economics/2009/09/24/fed-lawyer-audits-...

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You are damn right they will, and that is what we want

Submitted by tog2476 on Fri, 09/25/2009 - 08:00.

Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

we want to hurt the monetary policy of these criminals!!!!!!!!!!!!!!!!!!!

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Those who expect to reap the blessings of freedom must. like men, undergo the fatigue of supporting it.-Thomas Paine

The R3volution requires action, not observation!!!!

It seems the writer does not understand

Submitted by The Granger on Fri, 09/25/2009 - 07:53.

We want an audit because we have no confidence in the Fed.

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WE ARE GOING TO WIN!
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Wonder why Bernanke

Submitted by showmeron on Fri, 09/25/2009 - 07:50.

hides behind a lawyer?

Scott Alvarez, Gen. Counsel for the Fed is Testifying today

Submitted by bobbyw24 on Fri, 09/25/2009 - 05:45.

There are 2 scheduled witness:

Scott Alvarez, General Counsel for the Federal Reserve's Board of Governors, and

Dr. Thomas Woods, jr. economist from The Mises Institute and disciple of the free-market Austrian School of Economics.
The evil Scott Alvarez's prepared testimony can be viewed HERE.

http://dailybail.com/home/live-blogging-the-house-hearing-on...

Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:

www.twitter.com/AbolishTheFed

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Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:

www.twitter.com/AbolishTheFed

Lieyer.

Submitted by Gene Koszio on Fri, 09/25/2009 - 04:27.

"Woe be to the lawyers, for you have hidden the key of knowledge from My people." - God

Jackson.....In Perfect Form

Submitted by bravoseis on Fri, 09/25/2009 - 02:02.

Andrew Jackson, the seventh president of the United States, who said these fiery words to a delegation of bankers in 1832:

“Gentlemen, I have had men watching you for a long time, and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I intend to rout you out, and by the eternal God, I will rout you out.”

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“The Internet is the first thing that humanity has built that humanity doesn't understand, the largest experiment in anarchy that we have ever had." - Eric Schmidt

Mr. Andrew Jackson..

Submitted by Pieter on Fri, 09/25/2009 - 05:01.

WAUW!!!!!!!!

Hell yeah!

Submitted by mrjosh27 on Fri, 09/25/2009 - 02:15.

Andrew Jackson FTW!!!