Wall Street Manna

An irreverent look at Wall Street

Tuesday, November 24, 2009

The Fed audit argument doesn't hold water

Mishkin hates the idea of an audit of the Fed. Somehow they say this threatens the independence of the Fed. Supposedly this is a slippery slope.

His argument just doesn't hold water.

There are strains on the Fed's balance sheet, and the market already sees the strains.

Why do you think the world is p*ssing on the dollar and buying gold?

Audit the Fed!!


At November 24, 2009 at 10:29 AM , Anonymous Anonymous said...

Dude that picture is just wrong!

At November 24, 2009 at 11:46 AM , Anonymous Anonymous said...

Palmoni- any advice on LIZ? just hold?


At November 24, 2009 at 12:16 PM , Blogger palmoni said...

I'm a holder of LIZ


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