Ron Paul and Alan Grayson's amendment to audit the federal reserve, which they claim is an act of well overdue transparency, passed in the House as part of a larger finance reform package. As Grayson states, “Exposing how the Federal Reserve operates is a crucial component to any meaningful reform. We need to find out what they’ve done and then we can figure out how to respond,”
I feel like in these tough times, and with so much bailout money going in various directions and sometimes underaccounted for, more transparency cannot be a bad thing. Incidentally, the more wall street executives are against something, the better it sounds just by default.
It will be interesting to see if this amendment survives the Senate or not.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment