Fed balance sheet can be audited, panel says

WASHINGTON (MarketWatch) - A key congressional committee approved legislation on Thursday that would allow for government audits of Federal Reserve monetary policy as well as how much the central bank has lent and will lend to specific banks in response to the financial crisis, despite major opposition from the central bank. The measure, introduced by Rep. Ron Paul, R-Texas, has the support of 309 members of Congress.

 

Sending the govt to audit the Fed is like sending the pimp to check the pussies. It doesn't fly.

 

i can almost guarantee this will never happen
even if it gets voted on

 

Praying and hoping that this happens, and soon.

 

"Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves."

-Andrew Jackson

 

Jackson had some stones!