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2016 Postmortem

cali

(114,904 posts) Wed Jan 13, 2016, 01:09 PM Jan 2016

Could someone please explain to me [View all]

why a full audit of the Fed by the GAO and greater transparency is a bad thing? Why do the vast majority of Senate democrats oppose it? Why do most republican senators support it? It seems counterintuitive. One of the Fed's mandates is oversight of banks. Why wouldn't I want to know more about it.

I trust dems way, way more than republicans. I'm flummoxed on this.

17 replies

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Could someone please explain to me [View all] cali Jan 2016 OP

IMO, there's two categories of Democratic opposition. jeff47 Jan 2016 #1

thank you very much. cali Jan 2016 #2

Michelle Bachman always used that in 2012. yeoman6987 Jan 2016 #3

That doesn't explain a thing. I try to understand issues. cali Jan 2016 #4

So, because MB was for something - at one time - we should just be content to keep our heads jonno99 Jan 2016 #7

Lotsa reasons : Secrecy! sonofspy777 Jan 2016 #5

Thanks. Not sure why Congress should keep its hands out of monetary policy. cali Jan 2016 #6

Well, the politicians massively fuck-up fiscal policy jeff47 Jan 2016 #8

And I'm not sure that congress should neccessarily have control over the fed, but at the very jonno99 Jan 2016 #9

Politicize monetary policy even more. NCTraveler Jan 2016 #10

How does transparency threaten the Fed mission? cali Jan 2016 #11

Transparency is a bullshit meme foisted on us by the Pauls and republicans with respect to this. NCTraveler Jan 2016 #12

Why is transparency a bad thing? I'm not convinced that congress should have oversite, jonno99 Jan 2016 #14

It seems to me that if the fed chairs are appointed by the president, jonno99 Jan 2016 #13

this effort is actually a foot in the door for political control of the Federal Reserve bigtree Jan 2016 #15

So if the IG already audits the fed, what was the problem with the new bill? jonno99 Jan 2016 #16

I saw your new OP - thx jonno99 Jan 2016 #17