This has probably already been covered...but just in case...here goes:
I listened to Tim Geither today...and I must say that I don't dislike him (or Ben Bernanke)...but I continue to consider the Fed to be a huge Pandora's Box of corruption. How about the following reforms to finance and government?
1. Nationalize the Federal Reserve. Don't reinvent the wheel...just end the private aspect of the Fed...but utilize the existing infrasctructure...including the regional banks...personnel, etc.
2. Perform a complete yearly audit of the Federal Reserve...under the supervision of the General Accountability Office.
3. Issue an interest free currency based upon silver.
4. Double the size and authority of the General Accountability Office and the Securities and Exchange Commission.
5. Eliminate most of the IRS (no more forms or enforcement actions)...and go to a consumption tax of say 5%...to fund a minimalist Federal Government.
6. Cut the size of the Federal Government in half (at least).
7. Close at least half of our least strategic military bases worldwide.
8. Bring all troops home from Iraq and Afghanistan...Immediately.
9. Replace the U.N. Charter with the U.S. Constitution and Bill of Rights...or get us out of the U.N....and get the U.N. out of the U.S.
10. Break all hidden ties and agreements with England (including the City of London), the Vatican, and Extraterrestrials (human or otherwise).
11. Audit the Deep Underground Military Bases and the Secret Space Program.
12. End our involvement in the illegal drug trade.
The secret government and the aliens wouldn't have a problem with any of this...would they?