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View Full Version : Good article in NY Times about Auditing the Fed- Says Barney Frank is aiding Bernanke




MR2Fast2Catch
11-10-2009, 09:22 PM
There will be a fight. Mr. Bernanke and the Fed has powerful political supporters, from lawmakers like Mr. Frank and President Obama. But the Fed chairman is being forced to nurture those ties as never before and to carefully map out which battles are worth fighting.

“Ben Bernanke turns out to have better political instincts than anybody thought,” Mr. Frank said in an interview last week. “They accept the fact that I know what I’m doing up here.”

No fight illustrates Mr. Bernanke’s political challenge better than the one over Mr. Paul’s bill to audit the Fed.

http://www.nytimes.com/2009/11/11/business/11fed.html?hp

Barney Frank has been a people pleaser, saying the bill would pass, then saying it needs to be changed a little, now saying he supports Bernanke but still supports part of the bill, blah blah. Frank is going to be just as much of an obstacle as Mel Watts.

devil21
11-11-2009, 04:13 PM
They're all a bunch of snakes in the grass. It's getting close to time to pull out the lawnmower.