Originally posted by rickoff
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Rep. Duncan questioned Federal Reserve chairman Ben Bernanke on Thursday about what his opinion of a majority in Congress who have co-sponsored Ron Pauls bill to audit the Federal Reserve.
Bernanke clearly regarded the bills intent as hostile to the institution he represents:
"My concern about the legislation is that if the GAO is auditing not only the operational aspects of the programs and the details of the programs but making judgments about our policy decisions would effectively be a takeover of policy by the Congress and a repudiation of the Federal Reserve would be highly destructive to the stability of the financial system, the Dollar and our national economic situation."
"Bernanke Threatens The Congress" We will cause an Economic Collapse if you audit the Fed! - YouTube
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