Proposal to examine FED books

Ron Paul’s efforts to examine the FED books are continuing, see his interview with Forbes here.

The proposal is very populist, however I suspect that little in the important arena of money policy will be changed even if the FED were to be “audited”.

The important connection between the Congress and the FED will not be upset by this, unless the contents of the ‘books’ are accurately represented to the populace and explained completely.  Should the details of the transactions from the TARP funds completed during the end of the Bush and start of the Obama administrations be openly discussed then a shift in awareness regarding the FED ~ Congress partnership will likely result.

Such an open presentation is not likely as the privacy of the FED and its dealings is vital to the Corporate survival of the ‘quasi-governmental’ body.

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