Are you saying that you were able to see through the Andersen audit and see Enrons shady deals? Very Impressive. I am glad that you can see exactly what the FED is doing with taxpayer committment. I am confident that you (haveing read the FEDS audit) can succintly let us know the answers to the questions I raised above.
I do not understand how you could try and counter my arguement using the “few analysts” who saw Enron coming and not see how that contradicts you own arguement. Anyone who is not in favor of an audit is drinking from the FED’s Koolaid – that same “buying the hype” crowd you spoke of in your post. Or they suspect that a real audit might reveal a gigantic ponzi scheme. 99% of Americans are worse off after our credit crisis. Mr. Bernenke, the guy people are defending (by not advocating a real audit) told us all in May 2008 all would be fine and we would not hit a recession. He also told us Freddie and Fannie would be fine. And you want to use his figures? You would read the “free info” and take it as fact?
I agree with you. Especially the last paragraph. SV in CV; I did some more research from the wikipedia site for the fed. What I heard from a mike malony youtube.com about the fed being passed on a voice vote of 3 may or not be correct. The bill was passed as you/wikipedia state and I don’t know if the final settlement between the two houses of congress was on a voice vote or not but the main thrust of the point was that the bill was carried with both houses and I agree with your point. It doesn’t change the main concern about the fed tho. The secrecy of the people who control the most important currency in the world and the lack of a complete audit of where the money goes and ownership of the fed. [/quote]
Investor: Couple of things here. First, you talk about SK putting aside his/her political leanings. What about you and your clear biases (i.e. taking information from a single book and treating it as gospel)?
Second, did you do any research on “Jekyll Island” author Griffin? I notice you didn’t respond to my post showing his background and a definite lack of credibility.
Third, I didn’t claim to “see” Enron’s shady dealings, that’s a strawman of your construction. What I said, and quote me correctly, please, is that all of the information WAS contained in their financials, but you did have to comb through the footnotes and annotations to find it. Two very, very different things.
You have a tendency to misread and misquote posters and you like to play the strawman game, too. You also like to claim bias and prejudice, without recognizing that you fall prey to the same thing.
Griffin is a crank, pure and simple. His professional background, such as it is, does not make him a credible source, but you seem all too willing to jump on the bandwagon and cry out about some evil, perfidious scheme going on at the Fed. The Wiki entry regarding the “secret voice vote” is hooey, hence my suggestion to do more research (which you clearly did not), as is your assertion that a “complete” Fed audit has not been done. You never answered what a “complete” or “real” Fed audit would look like, just that one needs to be done.
