Rep. Alan Grayson asked House Dems to co-sponsor the Federal Reserve Transparency Act (HR1207). The bill calls for the GAO to audit the Federal Reserve. Ron Paul was the original author. Zero Hedge has the link where readers can lend their support to this bill.
It’s been obvious to anyone who bothered paying attention that the Fed is increasingly acting as an extension of the Administration, without the oversight and disclosure to which the Executive Branch is subject. For instance, only the Federal Reserve Board of Governors appears to be obligated to honor to Freedom of Information Act requests (the Board of Governors has a FOIA office). The New York Fed, which is the where the alphabet of new programs is domiciled, argues that it is a private organization and has made only limited. voluntary disclosures.
It truly is time to limit the FED. Go to the link and support the bill! Also, be aware that the fight is just beginning in the Senate, where true persuasion will need to be accomplished (later)…only one senator is sponsoring the effort…Swamp Report suspects that the FED and it’s minions, like Goldman Sacks, Rapes and Pillages, have substantially more control over the Senate than they do of the House.
