View Full Version : Audit The Fed Effort Under Threat In House (HuffPo)

11-18-2009, 06:05 AM
A bipartisan effort to force transparency on the Federal Reserve is suddenly in jeopardy after a House Financial Services Committee member introduced an amendment that would let the multi-trillion dollar organization continue throwing tax dollars around in secret.

Rep. Mel Watt, a Democrat from North Carolina, has introduced an amendment intended as an alternative to the measure to audit the Federal Reserve introduced by Reps. Ron Paul (R-Texas) and Alan Grayson's (D-Fla.) . But instead of increasing transparency, as the amendment claims to do, Watt's measure would instead make the institution more opaque.

Full article here (http://www.huffingtonpost.com/2009/11/17/audit-the-fed-effort-unde_n_361389.html)