I do not think that private citizens should pick other private citizens with no intervention from any electoral process.

I wouldn't say 'sinister.' I don't think the people on the Federal Reserve regional boards... are people of good will, but it has an obvious bias.

I agree, but not by keeping interest rates in general down, but by explicitly refusing to follow the mandate this Congress gave the Federal Reserve in 1994 in the Home Ownership and Equity Protection Act.

I think the role of the Federal Government, is the Federal Reserve has been working with the European Central Bank, has been helpful in avoiding the kind of serious downturns in Europe.

I think it will be less independent as a Fed, because as you know, the regional bank presidents have an independent staff...

I would be concerned about how you would do that statutorily.

I think that is just a mistake, and it is not that bankers are bad people or others.

I have a fundamental belief in the electorate ultimately making the decisions.

I think it is a terrible mistake to require all of the Federal Reserve Bank presidents to be appointed and confirmed by the Senate.

But let me just say, I think that is especially the case with regard to military activity. In my 32 years here, when I have seen, I said, get involved in military activity without congressional authorization, it has been not been so much…

I understand that, but I assume that is what you wanted when you voted not to subject them to the appropriations process.

It is with this in mind that we are trying to enlist support for an event unprecedented in American history.