Comments on: Rep. Grayson: Geithner Blocking Fed Audit Out of ‘Conflict of Interest’

By: Miri

Miri — Thu, 06 May 2010 22:27:03 +0000

Careful, Rep. Grayson!
You know what happens to Dems who oppose the Obama administration.

By: Headless

Headless — Thu, 06 May 2010 04:07:53 +0000

Geithner is a walking dead man.

By: Nothing to hide?

Nothing to hide? — Wed, 05 May 2010 21:18:16 +0000

If you have nothing to hide accept the audit.

By: Cate Long

Cate Long — Wed, 05 May 2010 19:03:38 +0000

Auditing the Fed would help Americans and the financial markets understand how decisions were made about what toxic assets should be accepted by the Fed as collateral, how such assets should be valued, and who bailout funds should be given to.
These are wholly separate from the Fed’s core monetary policy decision: raising or lowering interest rates.

By: bobtherepublican

bobtherepublican — Wed, 05 May 2010 17:58:56 +0000

I will admit that I don’t care for many of Alan Grayson’s comments over the last couple of years. His statement during the healthcare debates of “The Republican health care plan is this: ‘Don’t get sick, and if you do get sick, die quickly.” were unneccessary to the debate and didn’t help the process as a whole.
However on this he does have a point. The Fed should be audited and Timothy Geithner does have a conflict of interest with regard to TARP as he oversaw distribution of funds as the head of the New York Fed, then now in his new position he is supposed to provide oversight on his own decisions? Doesn’t make sense.
Either congress as a whole or a independent committee should audit the Fed to find out where the money is going.

By: CBA

CBA — Wed, 05 May 2010 17:45:33 +0000

“Hello Ripley’s your NOT gonna believe this!”