Pat Buchanan weighs in on the prospect of a Fed audit

December 11th, 2009 7:59 pm  |  by Mike Miller  |  Published in Bailouts, Banking, Big Government, Constitution, Federal Reserve, Liberty, Money, Politics, Ron Paul, congress, inflation  |  0

Writer and political commentator Pat Buchanan blogged today about the failures of the Federal Reserve and the possibility of it being audited as a result of Ron Paul’s efforts.  Entitled Ron Paul’s Hour of Power, Buchanan doesn’t even mention Ron Paul except in passing.  But he does excoriate Fed Chairman Ben Bernanke and other political cretins and cheers on the possibility of an audit.

[...] if Bernanke is a genius, how is it he didn’t see the train wreck coming and had to double-time it to the Hill with Hank Paulson to plead for $700 billion to bail out AIG, Fannie and Freddie, and buy all that rotten paper on the books of Citibank & Co.?

The greatest economy the world had ever seen has been horribly mismanaged and virtually ruined by the decisions of presidents, Congress and the Federal Reserve. Main Street has been wiped as Wall Street was bailed out. Why?

Bring on the auditors!

Read Buchanan’s blog in full here.

Leave a Response

You must be logged in to post a comment.