Some Obama comments, 9/14/09, in an address on Wall Street.
"By opening and examining the books of large financial firms, we helped restore the availability of two things that had been in short supply: capital and confidence."
"We are proposing the most ambitious overhaul of the financial system since the Great Depression."
No call to open the books of the Fed though."We’ll create clear accountability and responsibility for regulating large financial firms that pose a systemic risk. While holding the Federal Reserve fully accountable for regulation of the largest, most interconnected firms, we’ll create an oversight council to bring together regulators from across markets to share information, to identify gaps in regulation, and to tackle issues that don’t fit neatly into an organizational chart."
Who is going to hold the Fed accountable? And where is that 'official' organizational chart that shows who owns and controls the Fed? Could that information show that foreign central banks have their tentacles around the Fed and that our economic policies are not actually in our hands?