Wednesday, August 26, 2009

Geithner: Auditing The Fed Is A Line We Don't Want To Cross

A visibly uncomfortable Geithner attempts to dismiss the question by saying “I’m sure people understand that you want to keep politics out of monetary policy.” When Geithner is again pressed on the issue, he makes the startling assertion that conducting an audit of the Federal Reserve is a “line that we don’t want to cross,” stating that such a move would be “problematic for the country.”-Lou

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