In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.
The measure, cosponsored by Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.), 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.
You may think Huffington Post is a liberal-wing-nut-newspaper-destroyer-blog, but sometimes they do a good job deconstructing the facts.
#32, pedro,
It would appear you might be the one with the problems. People who live in glass houses shouldn’t throw stones.
How’s that goat thing working out for you?
Congrats to Ron Paul and the Campaign for Liberty movement. There is still much work to do but we’ve jumped a significant hurdle.
Never worry about voting for a third party, you are wasting your vote as much voting for the incumbent (republicrat) then you would a third party. Let your voting voice be heard. Real change isn’t just a banner that states it, and it’s clear that Obama is a fraud. Don’t make the same mistake in 2012.
Who’s Pedro?
#36m Carcarius,
Who’s Pedro?
As Uncle Dave just pointed out, we don’t need whole books reprinted on the pages here so I’ll try to be very brief.
He is a know nothing dweeb operating under several aliases, most of which are solely used to troll looking for hits. The “pedro” handle never posts anything relevant to the topic. He often posts under the editor pseudonym of “Cherman”. His preferred (wide) stance is to use ad hominems> to disparage anyone.
As several commentators loath him, he is subject to constant rebuttal of the same measure he passes on others.
I hope you realize that the brevity of this comment left out quite a bit of information.