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House support for Fed audit passes 300; Hearings already under way on transparency move
World Net Daily ^ | 2009-10-03

Posted on 10/05/2009 12:04:21 AM PDT by rabscuttle385

The prime sponsor of a plan to audit the Federal Reserve, which oversees U.S. monetary policy, U.S. Rep. Ron Paul, R-Texas, says his plan has reached 300 co-sponsors in the U.S. House.

The legislation calls for a full and complete audit of the Federal Reserve by the Government Accountability Office, reported to Congress by the end of 2010.

"I continue to be pleased that so many of my colleagues are willing to stand up for transparency and accountability in government by cosponsoring this bill," Paul said today.

(Excerpt) Read more at wnd.com ...


TOPICS: Business/Economy; Government; News/Current Events; US: Texas
KEYWORDS: 111th; auditthefed; banking; biggovernment; federalreserve; financialcrisis; lping; realconservatives; ronpaul

1 posted on 10/05/2009 12:04:22 AM PDT by rabscuttle385
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To: bamahead; djsherin
*Ping!*
2 posted on 10/05/2009 12:04:39 AM PDT by rabscuttle385 (Kick corrupt Democrats *AND* Republicans out of office in 2010!)
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To: rabscuttle385
Good.

How about a full audit of 0's administration, 0 himself, and his czars next? A little transparency here?

3 posted on 10/05/2009 12:07:56 AM PDT by the anti-liberal
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To: rabscuttle385; djsherin; bamahead; murphE; Extremely Extreme Extremist; Captain Kirk; Gondring; ...

Ping


4 posted on 10/05/2009 12:11:51 AM PDT by djsherin (Government is essentially the negation of liberty.)
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To: rabscuttle385

My guess is that any report stemming from this will never been seen by the public. Once some initial findings are whispered in a few ears, there will be a lot of Sgt. Schultz’s in Congress. “I see nothing!!”


5 posted on 10/05/2009 12:13:23 AM PDT by Sparticus (Libs, they're so open minded that their brains leaked out.)
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To: Sparticus

Good point. A Federal Reserve, able to print money at will, and a corrupt congress and executive. What could possibly go wrong?


6 posted on 10/05/2009 12:19:50 AM PDT by the anti-liberal
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To: Sparticus; the anti-liberal

No-no. “The anti-liberal” has it right. With Barney Franks on board, the audit can’t fail. Or succeed. Or even get off the ground. The “man” deserves a prison cell from which he can see, but not reach, the biggest, hairiest, most gorgeous lifers he could ever want. And want. And want.


7 posted on 10/05/2009 1:10:19 AM PDT by JohnQ1 (Pray for peace, prepare for war.)
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To: rabscuttle385

They need to have an outside firm do th audit and publish to the net.


8 posted on 10/05/2009 5:48:39 AM PDT by Rappini ("Pro deo et Patria.)
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To: rabscuttle385; Abathar; Abcdefg; Abram; Abundy; akatel; albertp; AlexandriaDuke; Alexander Rubin; ..
Another hurdle cleared! Woohoo!



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9 posted on 10/05/2009 6:02:05 AM PDT by bamahead (Avoid self-righteousness like the devil- nothing is so self-blinding. -- B.H. Liddell Hart)
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