Audit the Federal Reserve

Wednesday, June 24, 2009

Audit the Federal Reserve: Bill HR 1207

Support Ron Paul in his attempt to audit the Federal Reserve. The Fed is not held to any reasonable standard of accountability operating under a veil of secrecy for the last 100 years. Enough is enough as taxpayers foot the bill with no idea where their money is going. Reduce the opacity!

Track HR 1207's progress here at TWS Investments!

Excerpted from Ron Paul's Introduction Speech to Congress

The Federal Reserve Transparency Act would eliminate restrictions on GAO audits of the Federal Reserve and open Fed operations to enhanced scrutiny. We hear officials constantly lauding the benefits of transparency and especially bemoaning the opacity of the Fed, its monetary policy, and its funding facilities. By opening all Fed operations to a GAO audit and calling for such an audit to be completed by the end of 2010, the Federal Reserve Transparency Act would achieve much-needed transparency of the Federal Reserve. I urge my colleagues to support this bill.


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