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Originally posted by solarstorm
History will remember men like Ron Paul and Dennis Kucinich as constitutional warriors.
...“The House of Representatives is considering H.R. 459, the Federal Reserve Transparency Act. H.R. 459 would enable the Government Accountability Office (G.A.O.) to conduct a full audit of the Federal Reserve, something it cannot do under existing law. Finally, after trillions of dollars, secret deals and Wall Street bailouts – a thorough audit.
“Recent events remind us how important monetary policy is to our economy. The ever-deepening scandal involving the fraudulent manipulation of the London Interbank Offered Rate (“LIBOR”) reminds us that the international financial system is cloaked in shadow for the benefit of the banks, at the expense of the people. Remember, it took a lawsuit by Bloomberg News to force the Fed to reveal that it had created more than $7 trillion to rescue the banks during the financial crisis....
Audit the Fed bill set for House vote
Even with broad bipartisan support in the House, aides said the bill is unlikely to be considered in the Democratic-controlled Senate.
Originally posted by JacKatMtn
Spurred on by the news that the Senate is projected to table this bill, I spent about 20 minutes (a lifetime for us hillbillies ) , penning an email to an outgoing Senator from my state, asking him to at least try and get the Senate to bring it to the floor for an open debate before the citizens of the nation..
Finished it up, hit send, and within a few minutes.....
Received an electronic form letter thanking me for my query and directing me to the Senator's webpage.
It's either laugh or cry.. so I choose to
House passes bill increasing scrutiny over Fed
The House voted Wednesday to give Congress greater scrutiny over the monetary policy decisions of the Federal Reserve, approving legislation sponsored by longtime Fed nemesis Rep. Ron Paul.
The 76-year-old Texas Republican, who is retiring at end of this session, has made a career of trying to do away with the Fed, which he blames for the growth of government and the rising federal deficit. Failing to accomplish that, he has pushed to make the independent central bank's operations more transparent.
"I know when people talk about independence and having this privacy of the central bank, it means they want secrecy, and secrecy is not good," Paul said.