Daily Kos: State of the Nation
Alan Grayson: “Today Was Waterloo for FED Secrecy,”
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Thu Nov 19, 2009 at 11:45:06 PM PST
This is big news in terms of finally getting somewhere on Auditing the Federal Reserve Bills that currently runs in the form of two bills: One of them is the House bill: RS 1207 with now 311 co-sponsors for the bill, and the other is the Senate bill: S604 in the Senate which now has 30 co-sponsors.
Both bills authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed’s opaque deals with foreign central banks and major U.S. financial institutions. The Fed has never had a real audit in its history and little is known of what it does with the trillions of dollars at its disposal.
As I have stated before, I do not feel that this is a partisan issue. This is an issue about how and who controls our nations money supply and the complete lack of transparency that has been apparent, most especially during the past few years when Congress has been continually rebuffed, stone walled and left in the dark as to what has happened to the trillions of dollars lent out by Ben Bernanke, and the Federal Reserve.