How about a little color?
Gee, More Duplicity (Is Someone's Nomination In Trouble?)
By: Karl Denninger
Posted: Tuesday, January 19. 2010
Bernanke has apparently changed his tune on AIG and The Fed:
http://bloomberg.com/apps/news?pid=2...0GMcKKfQ&pos=1
Jan. 19 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke said the central bank would welcome a “full review” of its aid to American International Group Inc. by congressional auditors and make all necessary records and personnel available to them.
“To afford the public the most complete possible understanding of our decisions and actions in this matter, and to provide a comprehensive response to questions that have been raised by members of Congress, the Federal Reserve would welcome a full review by GAO of all aspects of our involvement in the extension of credit to AIG,” Bernanke said today in a letter to Gene Dodaro, acting head of the Government Accountability Office. The Fed released the letter.
So what's the difference between this
and a full audit of The Fed?
Nothing, right? After all,
to afford the public the most complete possible understanding of our decisions and actions in this matter Bernanke now asserts that it is "ok" for the GAO to audit The Fed.
Oh wait - isn't that what Ron Paul's bill has been seeking
since this entire thing began and in fact prior to that time?
Better go talk to Lacker about this - remember, he's been issuing threats...
Continues: http://market-ticker.denninger.net/a...n-Trouble.html