0 votes

WSJ: House Panel Approves Broad Auditing of Federal Reserve

WASHINGTON -- A key House panel on Thursday approved an amendment offered by Rep. Ron Paul (R., Texas) to give federal watchdogs massive new authority to audit the Federal Reserve.

The approval came as the House Financial Services Committee concluded weeks of debate on a sweeping financial-overhaul bill to create a new council of regulators to wind down large institutions that pose a risk to the economy. A final committee vote on the bill will be postponed until after Thanksgiving.

Mr. Paul's amendment removes restrictions on the Government Accountability Office's auditing authority, giving auditors access to every item on the Fed's balance sheet. He for more than 20 years has championed significantly neutering the Fed.

More at: http://online.wsj.com/article/SB125866015562556197.html

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

States can fix the FED

An example of what can be done by the States to fix the FED is to be found at the following link. A group in Nevada was once on the right track.

http://www.nevadafullstatehood.com/jun182003.htm

How will the FED corrupt

the GAO? They're a government agency...they can be bought too.

The Drudge Report

is silent on this... Can't trust Drudge to report the news!

Would help if everyone sent

Would help if everyone sent article links to Drudge. I've been bombing him all as they come out, multi times!

.
Trust in God, but tie your camel tight.

http://www.campaignforliberty.com/profile.php?member=KathyLa...
http://www.ohiofreedom.com/subd/

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

More Good News!

Healthnut4freedom

"Trust in the Lord with all thine heart; and lean not unto thine own understanding. In all thy ways acknowledge Him, and He shall direct thy paths." Proverbs 3:5,6

Healthnut4freedom

The lip of truth shall be established forever: but a lying tongue is but for a moment...Lying lips are abomination to the LORD: but they that deal truly are His delight. Prov 12:19,22

Bump,

bump, bump...

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond
BAN ELECTRONIC VOTING!!

END THE FED

period.