When Barney Frank says that he supports an audit of the Federal Reserve, and that the bill will pass the House in October, and I believe that his assesment is an honest one.

That being said, I think that the Senate is more receptive to Bernanke’s protestations as to the need for opacity independence, and have been more thoroughly bribed by Wall Street are more concerned about market repercussions, while Obama’s economic advisors are Wall Street stooges and influence peddlers very supportive of the current regime at the Fed, which makes his signing a bill dubious.

As to Representative Paul, it’s a case of a stopped clock being right twice a day.