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NYPost's John Crudele: Why the Federal Reserve should be audited
By John Crudele
New York Post
Tuesday, September 1, 2015
It is time for a comprehensive audit of Janet Yellen's Federal Reserve -- and not just for the reasons presidential candidate Rand Paul and others have given.
The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction. A thorough investigation of the Fed will show once and for all if its former chief Ben Bernanke and current Chairwoman Yellen should go to jail. ...
The Fed should be audited as a brokerage firm would be -- its financial holdings, its transactions, market orders, emails, and phone calls. Special attention should be given to what is called the "trade blotter" at the Federal Reserve Bank of New York, which handles all market transactions for the Fed.
The Fed's dealing with foreign central banks -- especially at times of market stress -- should be given special attention. Trades in the wee hours of the morning should be in the spotlight. ...
... For the full commentary:
http://nypost.com/2015/08/31/why-the-federal-reserve-should-be-audited/
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