Comments on: Audit the Fed Dammit http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/ Author James Bovard Tue, 22 May 2012 20:31:08 +0000 http://wordpress.org/?v=2.6.3 By: Jim http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123550 Jim Wed, 05 May 2010 13:35:09 +0000 http://jimbovard.com/blog/?p=1716#comment-123550 Dirk, I think your hunch that the Fed Audit could be blunted is on the money. But I suspect that enough dirt may come out that it becomes far more difficult to keep the lid on some of the worst outrages. On the other hand, I thought that about several earlier scandals and my optimism misled me. Dirk, I think your hunch that the Fed Audit could be blunted is on the money. But I suspect that enough dirt may come out that it becomes far more difficult to keep the lid on some of the worst outrages.

On the other hand, I thought that about several earlier scandals and my optimism misled me.

]]> By: Dirk W. Sabin http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123549 Dirk W. Sabin Wed, 05 May 2010 13:28:15 +0000 http://jimbovard.com/blog/?p=1716#comment-123549 Jim, you're right, of course that abjuring something just because it aint perfect is a little arrogant but I'm peevish which is, by definition, knee-jerk arrogant. The gradualism afoot is unfortunately not like the old tale of the Tortoise and the Hare. Plodding along like we are is leaving the ground to the Hare. Unfortunately for the Hare, while he is standing there at the victory line, pointing and giggling at the tortoise he leaves behind...he don't see the big hammer of "un-intended circumstances" about clang down on his pointy head, whereupon the buzzards in his pit crew will commence to fighting and feeding. Jim, you’re right, of course that abjuring something just because it aint perfect is a little arrogant but I’m peevish which is, by definition, knee-jerk arrogant.

The gradualism afoot is unfortunately not like the old tale of the Tortoise and the Hare. Plodding along like we are is leaving the ground to the Hare. Unfortunately for the Hare, while he is standing there at the victory line, pointing and giggling at the tortoise he leaves behind…he don’t see the big hammer of “un-intended circumstances” about clang down on his pointy head, whereupon the buzzards in his pit crew will commence to fighting and feeding.

]]> By: epppie http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123538 epppie Tue, 04 May 2010 18:30:19 +0000 http://jimbovard.com/blog/?p=1716#comment-123538 hoping obama will do the right thing on anything is utterly fruitless at this point. just assume that he won't and go from there. hoping obama will do the right thing on anything is utterly fruitless at this point. just assume that he won’t and go from there.

]]> By: Gus S. Calabrese http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123535 Gus S. Calabrese Tue, 04 May 2010 17:03:41 +0000 http://jimbovard.com/blog/?p=1716#comment-123535 Could someone give me some URLs that illuminate the hidden, backroom machinations of bankers pocketing the bail-out money ? yes@nope9.com Could someone give me some URLs that illuminate the hidden, backroom machinations of bankers pocketing the bail-out money ?
yes@nope9.com

]]> By: Jim http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123532 Jim Tue, 04 May 2010 14:18:49 +0000 http://jimbovard.com/blog/?p=1716#comment-123532 Hmmmmm... OK, maybe the audit wouldn't be a panacea. Hmmmmm… OK, maybe the audit wouldn’t be a panacea.

]]> By: Dirk W. Sabin http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123531 Dirk W. Sabin Tue, 04 May 2010 12:57:12 +0000 http://jimbovard.com/blog/?p=1716#comment-123531 I think the charmingly orchestrated roll-out of GM "paying back" taxpayer bail-out money a couple weeks ago...simply paying bail-out money "A" with bail-out money "B" is a prime example of the duplicity afoot. First both the business and the White House trumpet the great success of the company paying back the loans quickly because of a successful turnaround and then when discovered for their legerdemain, they trumpet the idea that they don't need to use as much bail-out money...or words to that effect. I suppose an audit might be swell, but who will audit the auditor and who, furthermore, will report on it in the media? The fact that this smoke and mirrors on the Auto bail-out passed with barely a notice confirms that no amount of auditing will clean house in the pirate dens of our vaunted leadership. I think the charmingly orchestrated roll-out of GM “paying back” taxpayer bail-out money a couple weeks ago…simply paying bail-out money “A” with bail-out money “B” is a prime example of the duplicity afoot. First both the business and the White House trumpet the great success of the company paying back the loans quickly because of a successful turnaround and then when discovered for their legerdemain, they trumpet the idea that they don’t need to use as much bail-out money…or words to that effect. I suppose an audit might be swell, but who will audit the auditor and who, furthermore, will report on it in the media? The fact that this smoke and mirrors on the Auto bail-out passed with barely a notice confirms that no amount of auditing will clean house in the pirate dens of our vaunted leadership.

]]> By: Marc http://jimbovard.com/blog/2010/05/03/audit-the-fed-dammit/#comment-123529 Marc Tue, 04 May 2010 07:39:46 +0000 http://jimbovard.com/blog/?p=1716#comment-123529 Is there any proof that those banks claiming to have repaid bailouts have actually done so? As good submitizens perhaps we are expected to accept the assurances of Fed Chairman or some other official as irrefutable. I think that popes had a similar "understanding" with the unwashed masses during the Middle Ages. Perhaps a new political science law should be established: The larger the amount taxpayer money involved, the less the accountability. Is there any proof that those banks claiming to have repaid bailouts have actually done so? As good submitizens perhaps we are expected to accept the assurances of Fed Chairman or some other official as irrefutable. I think that popes had a similar “understanding” with the unwashed masses during the Middle Ages. Perhaps a new political science law should be established: The larger the amount taxpayer money involved, the less the accountability.

]]>