Texas Straight Talk ~ A Weekly Column
Congressman Ron Paul
New Every Monday at
http://www.house.gov/paul
or phone 1-888-322-1414 for recorded message.
VIDEO (3:12): http://www.youtube.com/watch?v=bnzv1...eature=related
November 23, 2009: "Audit the Fed Attached as an Amendment"
I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out. Finally, the blanket restrictions on GAO audits of the Fed that have existed since 1978 will be removed.
Continues: http://www.house.gov/htbin/blog_inc?...ngdetail.shtml