First Audit Results In The Federal Reserve's 100 Year History
Posted on: 2012-09-01 21:52:04
When you have conservative Republican stalwarts like Jim DeMint(R-SC) and Ron Paul(R-TX) as well as self identified Democratic socialists like Bernie Sanders all fighting against the Federal Reserve, you know that it is no longer an issue of Right versus Left.
Rep. Ron Paul (R-Tex.) wins (again) the most significant victory of his congressional career. He has taken his pet issue since the 1970sĖthe unwarranted power and secrecy of the Federal ReserveĖfrom something pretty much no one but him cared about six years ago, through a bestselling book†and mass movement by 2009, the second time heís gotten the House of Representatives to vote to widen the governmentís powers to audit the Fedís activities.
Huffington Post with details about the vote† , and on Paulís Democratic ally equally upset with the Fedís lack of transparency, Rep. Dennis Kucinich (D-Ohio):
In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve.The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out.