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Official: Obama administration opposes Fed audit
AP on Yahoo ^ | 5/6/10 | AP

Posted on 05/06/2010 12:26:30 PM PDT by NormsRevenge

WASHINGTON – A top Treasury official says the Obama administration opposes a proposal to audit the Federal Reserve, a plan that has bipartisan Senate support.

Deputy Treasury Secretary Neal Wolin said an amendment to a pending financial regulation bill could encroach on the independence of the central bank. The amendment's sponsor, independent Sen. Bernard Sanders of Vermont, has criticized the Fed for secrecy in its assistance of banks.

(Excerpt) Read more at news.yahoo.com ...


TOPICS: Business/Economy; Crime/Corruption; Government; Politics/Elections
KEYWORDS: audit; fed; federalreserve; obama; opposes

1 posted on 05/06/2010 12:26:30 PM PDT by NormsRevenge
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To: NormsRevenge

Of course he does. Geez, who wants to tell the truth these days?


2 posted on 05/06/2010 12:27:18 PM PDT by madison10
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To: NormsRevenge

Why? What is he hiding or who is he protecting. Pressure Congress to do the Audit............NOW.


3 posted on 05/06/2010 12:28:05 PM PDT by RC2
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To: NormsRevenge
TRANSPARENCY
4 posted on 05/06/2010 12:29:27 PM PDT by a fool in paradise (The hysteria of Matthewsism and Andersonism has led to a Tea Party Scare that is unAmerican.)
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To: NormsRevenge

EPIC LARCENY


5 posted on 05/06/2010 12:29:31 PM PDT by TSgt (We will always be prepared, so we may always be free. - Ronald Reagan)
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To: NormsRevenge

Get outta here... really?

Transparency/s


6 posted on 05/06/2010 12:29:58 PM PDT by Reagan69 (Let me know when those insurance premiums go down.)
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To: NormsRevenge

If the fed is audited Obama’s New World Order scam ends. Trillions are missing and trillions more are promised to the endless pit.


7 posted on 05/06/2010 12:30:59 PM PDT by OafOfOffice (W.C:Socialism:Philosophy of failure,creed of ignorance,gospel of envy,the equal sharing of misery)
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To: Reagan69

“A top Treasury official says the Obama administration opposes a proposal to audit the Federal Reserve”

The best reason I’ve heard so far to do it.


8 posted on 05/06/2010 12:31:18 PM PDT by maine yankee
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To: NormsRevenge

It would be nice if us ‘subjects’ could also say ‘no’ when the time comes, uh?


9 posted on 05/06/2010 12:32:00 PM PDT by elpinta (Jer. 10:23)
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To: NormsRevenge; Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; ...

The list, ping


10 posted on 05/06/2010 12:32:46 PM PDT by Nachum (The complete Obama list at www.nachumlist.com)
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To: NormsRevenge
The three main jobs of the federal government is:
Deliver the mail on time
Protect our borders
Keep a strong military to defend us.

One out of three is not a good average. My guess is the military would also be a failure if not for defense contractors bribing the weasels.

11 posted on 05/06/2010 12:35:01 PM PDT by Tupelo
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To: NormsRevenge

The Obama administration also opposes releasing his birth certificate. Most transparent administration - ever.


12 posted on 05/06/2010 12:46:41 PM PDT by ilovesarah2012
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To: NormsRevenge

Obamah, “No! You can’t look at my stash!”


13 posted on 05/06/2010 12:51:43 PM PDT by TexasCajun
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To: NormsRevenge

If the Fed is OPENED up for audit, it could be found to be UNAUDITABLE with no adequate existing records for audit.


14 posted on 05/06/2010 12:52:49 PM PDT by givemELL (Does Taiwan eet the Criteria to Qualify as an "Overseas Territory of the United States"? by Richar)
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To: NormsRevenge

Nobama and his merry little band of cronies at work again willing to let the country be looted by the fed!


15 posted on 05/06/2010 12:54:48 PM PDT by taxtruth (Something really stinks In The Federal Government/Mafia and I think it's BO!)
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To: NormsRevenge

No one in “the know” will ever approve an audit of the Fed. Because it they do, SHTF. Gig’s up. The markets and banking/credit industry will be exposed for the Ponzi scheme they are and it will all come crashing down. Gonna happen eventually, but who knows when or how.


16 posted on 05/06/2010 1:06:51 PM PDT by ChinaThreat (3)
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To: NormsRevenge

I’ll betcha Bawney Fwank and Chrissy Dodd are against an audit as well!


17 posted on 05/06/2010 1:17:02 PM PDT by Oldpuppymax
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To: Oldpuppymax

transparency nowhere to be found, constantly lying


18 posted on 05/06/2010 1:20:35 PM PDT by truthbetold11 (truthbetold11)
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To: NormsRevenge

Why? Is he afraid we will get to see what the dems have done in their raids on our money?


19 posted on 05/06/2010 1:47:53 PM PDT by chris_bdba
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To: elpinta

>It would be nice if us ‘subjects’ could also say ‘no’ when the time comes, uh?

We can... but the reply had best be in an understandable format, something in one of the following should work: 5.56, 5.7, 9, .38, 10, .45, 410

Sure, if that happens the propagandists will paint it as ‘sedition,’ ‘treason,’ ‘terrorism,’ or ‘extremism.’


20 posted on 05/06/2010 2:08:24 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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To: givemELL

>If the Fed is OPENED up for audit, it could be found to be UNAUDITABLE with no adequate existing records for audit.

If that is the case, couldn’t they be put to death for treason?
{Last I heard, economic warfare _IS_ warfare and therefore if they engaged in such a war against the currencies of the United States they ARE waging war against the US; as well as giving aid and comfort to our enemies.}

If Treason wouldn’t stick, what would? Fraud? Operating under color of office, maybe? Conspiracy? Conspiracy to defraud the United States of America?


21 posted on 05/06/2010 2:13:21 PM PDT by OneWingedShark (Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
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