Surveillance Over the Federal Reserve: On the Sanders Amendment to the Dodd Senate Financial Regulation Bill

This afternoon, if I am correctly informed, President Obama is going to come out in opposition to Vermont Senator Bernie Sanders's amendment to the Senate financial regulation bill calling for the GAO to regularly audit the Federal Reserve's conduct of monetary policy.

My left-wing friends are not surprised but are, once again, disappointed. "Doesn't Obama know who his friends are?" they ask, with the answer being: "No." "Doesn't Obama recognize that Federal Reserve governance and...