Bernanke: Audit of Fed will result in economic crash
Posted on June 25th, 2009 by Editor
“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.” – Ben Bernanke, Chairman of the Federal Reserve Board