Well, everybody has at least one skeleton in the closet, and since he is a former member in the Fed, I guess it is no surprise he still feels some affinity/loyalty with them. Either it's a case of he knows more than we do and not make a bigger deal out of it than it has to be, or he just neglected to think before speaking. I don't have an axe to grind with him so I'll assume a less nefarious motivation to his words regarding the Fed. But at the very least, he should be smart enough to realize that speaking out against an audit of the Fed in light of the Wall Street & bank bailouts reflects poor judgement, after all there has to be some independent oversight of every government agency. Do bailouts and covering for the Fed disqualify him for Presidential consideration? Perhaps it does, but all of this will come out in the laundry of the primary process. It would be incumbant upon his primary opponents to clarify his positions, and We the People will judge them all. So I will not go so far as to say he cannot run, but if his answers are not satisfactory on these issues, if he sticks to his past positions, I would be inclined to not support him any further. I hope he takes steps to redeem himself, time will tell.