I just can't trust anything that Barney Frank is pushing for, seeing as his actions caused the explosion of the housing market. Who knows what kinds of extras he has slipped into this bill...
While I think it is good that the Fed is being audited, I am very concerned that Congress will try to regulate the Fed way too much. The last thing we need is having Congress control lending to financial institutions or setting interest rates. Given that most members of congress have no clue about economics or how the banking system works.
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I just can't trust anything that Barney Frank is pushing for, seeing as his actions caused the explosion of the housing market. Who knows what kinds of extras he has slipped into this bill...
While I think it is good that the Fed is being audited, I am very concerned that Congress will try to regulate the Fed way too much. The last thing we need is having Congress control lending to financial institutions or setting interest rates. Given that most members of congress have no clue about economics or how the banking system works.
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