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View Full Version : Wall Street Journal: What Paul's Fed Audit Bill Would Mean




Knightskye
08-31-2009, 08:37 PM
http://online.wsj.com/article/SB125175164147973783.html


Overturning current limits on government audits of the Federal Reserve has become a key goal of the central bank's critics inside and outside Congress.

House lawmakers are expected to seek a comprehensive audit of the Federal Reserve system by the Government Accountability Office, the investigative arm of Congress, as part of a broader overhaul of financial regulation this fall. But the precise scope of such an audit remains undetermined.

Also, it mentions the inspector general of the Fed -- you know, the red-headed woman who testified before Alan Grayson and didn't know where trillions of dollars went:
YouTube - Alan Grayson (High Quality Version): Is Anyone Minding the Store at the Federal Reserve? (http://www.youtube.com/watch?v=cJqM2tFOxLQ)

If Dr. Paul does get the opportunity, I think he should have the bill stand on its own. Then we can see which representatives are voting no on the audit. People could just be voting no on overhauling financial regulations, if it's part of some giant package.