FINANCEHYPE: Audit The Fed!

Federal Reserve Transparency Act of 2009

Trillions of dollars - quite literally - have been passed out to the big financial companies lately, most of it through the Fed, with little accountability and no oversight. Surely you've heard of the bailouts? The TARP program is/was just the tip of the iceberg.

Here's an interesting piece on some recent events, where the US Congress is trying to get some accountability from the Federal Reserve:



Ron Paul has introduced a bill in the House (HR 1207) that is now co-sponsored by over half its members (from both parties). A corresponding bill has been introduced in the Senate (S 604), but events are still developing.

Some links on this topic:
Google News - HR 1207
Twitter feed (if you're into being a twit)