Although I am not a fan of Barney Frank, he has made it clear that the Ron Paul bill will go forward in October in the house meaning that the Fed likely will get audited in the not too distant future. Of course I don't know any intelligent investors who require this process as most have it figured out that the FED is playing games big time and free and easy with currency swaps, toxic asset purchases, TALF stuff, direct and indirect treasury purchases. Smart money is accumulating in my view and traders are trading and small investors are being run ragged, these are totally separate universes but my guess is bet against the FED, they are holding a losing hand but I still expect them to try.