According to Wikipedia "The U.S. Financial Crisis Inquiry Commission reported its finding in January 2011. It concluded that the crisis was AVOIDABLE and was CAUSED by:

1) Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages

2) Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk

3) An explosive mix of EXCESSIVE BORROWING and risk by households and Wall Street that put the financial system on a collision course with crisis

4) KEY POLICY MAKERS ILL PREPARED FOR THE CRISIS lacking a full understanding of the financial system they oversaw

5) and systemic beaches in accountability and ethics at all levels."

It has been 15 months since the Commission's report, What is President Obama's current PROGRESS REPORT regarding this matter?

The FINANCIAL CRISIS BEING AVOIDABLE makes me suspect that these 5 findings were actually the outcome of a well-planned derailment of the U.S.. economy to pave the way for SOCIALISM OR COMMUNISM. The time frame of this crisis and the resulting lukewarmness on the part of the administration in solving these problems make my suspicion stronger. Correct me please if I am wrong.

I think, there should a regular audit of the Federal Reserve, say every 6 months to require the agency to be more transparent.

The current status of the American economy is like a patient in the hospital's Emergency Room. Doctors, from time to time, look at the patient's charts to check their medical status, with the aim of recovering the patient's overall health. Considering the gravity of the economic crises, REGULAR AUDITS of government agencies, not only the FEDS should be a must.