Speaker Boehner and the rest of the Republican leadership owe no apologies for sharing their views with Chairman Bernanke and the rest of the governors. The cause for outrage is the nature of these views.

Bernanke can’t understand why consumers aren’t acting in accordance with his understanding of rationality. Mary Schapiro and Robert Khuzami of the SEC don’t punish people for securities fraud. They all should look to the past for help understanding how to do their jobs.

The Fed can’t help you. The Obama Administration doesn’t even feel your pain. The Congress hates you. But, it’s your fault if you can’t get to the sunny side of the street to join their only real constituents.

Representative Mel Watt (D-NC) is out to protect the independence of the Fed from the risk of an intrusive audit from the Government Accountability Office (GAO). The risk comes in the form of a bill initiated by Ron Paul and Alan Grayson that calls for an audit of the Fed. The bill, which now has more than 300 co-sponsors, would allow Congress to find out who the Fed lent more than $2 trillion to through its special lending facilities, and under what terms. Congress would also be able to find out which countries were allowed to take advantage of dollar swaps at the peak of the financial crisis last fall.

The Fed can’t bail out the economy this time. Meanwhile it’s privatize the Profits, socialize the losses time.

In the 1800′s ordinary Americans were crucified upon a cross of gold. Today, it’s their houses they’ve been nailed to, and it’s their houses they’ll go down with.