ML-Implode News - Why the Federal Reserve should be audited

The Fed needs to be audited to see if its ruling body has broken the law by manipulating financial markets that are outside its jurisdiction. A thorough investigation of the Fed will show once and for all if its former chief Ben Bernanke and current Chairwoman Yellen should go to jail.
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[After the August 24th plunge,] the same magical buying of S&P futures contracts happened Tuesday night and early Wednesday morning. Stocks again went up at the opening on Wednesday, but this time the gain held.
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"Once again, the Federal Reserve helped save the day for investors," the New York Times wrote in a front-page article that cited Dudley's speech.
But that wasn't true -- not unless Dudley's speech leaked ahead of time. Stocks were up before Dudley's talk and actually fell when he began speaking. That was probably due to the fact that Dudley pooh-poohed the idea of another dose of QE.

Relevant:

Why the Federal Reserve should be audited - John Crudele