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House Financial Services Chairman Rep. Barney Frank, Massachusetts Democrat, said he expects former GOP presidential candidate Ron Paul's legislation to audit the Fed to pass out of his committee in October as part of a larger regulatory package.
Today, the Government Accountability Office has no power to audit the Federal Reserve. Mr. Paul's bill would empower the government watchdog to do so and make their findings available to the public.
Mr. Frank was asked at
Originally posted by KnoxMSP
As much as I hate Barney Frank, I'm glad to see him pushing this, and wanting to get this done.
Unless, he is only doing it so he can assign the higher ups in this office, and make the results find whatever he wants to find. Hmmmm.....
Guess that is why I am on a conspiracy site, I can't help but to think there is some ulterior motive behind everything.
Originally posted by ModernAcademia
However, it's important that they don't release a watered down version of the bill as they say it will be part of a larger package.