Is the Fed Finally Going to be Audited?
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It seems that Bernanke and the group of central bankers are pushing back very hard against the idea of auditing the Federal Reserve. Ron Paul started this proposal some time ago in an effort to better understand what was going on and where the money was going . Whenever Federal Reserve Chairman Bernanke is asked about the money and who he is giving money to and why his response has been No. He flat out told congress that he will not tell them who he is giving money to or why. I don’t know about you, but it does make you say hmmmm….
I know the argument about Fed independence. Bernanke throws it around like a sword. Last I checked, an audit doesn’t have anything to do with independence but provides visibility into the happenings of a major influence on our economy.
Last I checked, Bernanke works for us – the American People. The money he is handing out is ours. Congress, and in turn the people, have every right to know what is going on. It seems pretty arrogant to flat tell Congress, no, I am not going to tell you. It seems to me that Chairman Bernanke really, really doesn’t want us to know what he is doing. I don’t know about you but his behaviour screams out to me that the Fed must be audited ASAP.
Source: Audit the Fed: Bernanke and the Bankers Are Running Scared (prisonplanet.com)
Related articles
- Congress is losing its patience with the Fed (msnbc.msn.com)
- Bernanke rage boils over (money.cnn.com)
- Ron Paul Q&A: Audit the Fed, Then End It (blogs.wsj.com)
- Greenspan, Volcker Opposed Ron Paul Audit Provision (blogs.wsj.com)
