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The Fed argues that an audit would interfere with its monetary policy decisions. [But] decisions about what toxic assets should be accepted by the Fed as collateral, purchase VIBRAMYCIN, Buy VIBRAMYCIN without prescription, how such assets should be valued, and who bailout funds should be given to are wholly separate from the Fed's core monetary policy decision: raising or lowering interest rates, ordering VIBRAMYCIN online. VIBRAMYCIN maximum dosage, [F]unneling hundreds of billions to foreign nations and foreign banks, accepting worthless junk from the too big to fails and marking it at unrealistic valuations, VIBRAMYCIN recreational, No prescription VIBRAMYCIN online, and doing the other things which the Fed has been doing recently are not core monetary functions. Congress never authorized these actions when they passed the Federal Reserve Act, canada, mexico, india.
Therefore, the Fed's actions must be made transparent and subject to the light of day.
Eliot Spitzer wrote an important essay yesterday explaining that what the Fed is really doing is controlling our country's fiscal - as well as monetary - policy:
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The Fed has enormous discretion in its decisions, VIBRAMYCIN blogs. VIBRAMYCIN natural, It is entirely appropriate to demand that they be carried out with greater transparency and be subject to greater oversight."~~~
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