Three out of Four Americans Support a Federal Reserve Audit (HR 1207)

American Banking News ^ | 08/26/09

[TigerLikesRooster]

Ping!

[1rudeboy]

The legislation, titled the “Federal Reserve Transparency Act of 2009” would allow the Comptroller General of the United States to do a financial audit of the Federal Reserve. After the audit is complete, the Comptroller General would be required to report his or her findings to Congress.

What could possibly go wrong?

[zek157]

This will never happen because the results could never be made public.

[STONEWALLS]

...IMHO a FDIC audit would trigger a nationwide run on banks....there’s only a handful of 5-star safety rated banks in each state....look here:

http://www.bankrate.com/rates/safe-sound/bank-ratings-search.aspx?t=cb

[Mase]

I'm not surprised to see Saunders and Feingold sponsoring this as they would, along with Barney Frank, Rangel, Dodd, Schumer et al, love to get more control of the Fed. I'm disappointed to see DeMint's name associated with this, along with any other conservatives.

Indeed, what could possibly go wrong with Schumer and Frank controlling the money supply?

[camp_steveo]

“What could possibly go wrong?”

---

Nothing more than what has already gone wrong.

[1rudeboy]

Don’t follow politics much, I gather.

[evandi]

If we accept the proposition that a bunch of experts can and will run any part of our government better in near total secrecy than when they are accountable to somebody, we might as well stop having elections.

Don’t you think that legislators will make better decisions if they don’t have to worry about political pressure?

Someone is hiding something.

[murphE]

big ol’ bump

[bamahead]

Audit the Fed!!!



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[bamahead]

bump

[Prokopton]

What could possibly go wrong?

The Comptroller General Could be honest?

[infowarrior]

This will never happen because the results could never be made public.

This will never happen because we have no legal authority to audit foreign banks. Do you really believe that London, Paris, The Hague, Tokyo, at al, are going to permit the audit of *their* national and major banks by the US?

Understand that the Bank of England, Rothschild Amsterdam, Lessard Brothers Paris, and the Bank of Tokyo are *part* of this monstrosity known as "the US Federal Reserve". There is no way in Hades that there could ever be a public audit of this cabal...

the infowarrior

[Toddsterpatriot]

This will never happen because we have no legal authority to audit foreign banks.

The Fed is strictly American.

Do you really believe that London, Paris, The Hague, Tokyo, at al, are going to permit the audit of *their* national and major banks by the US?

Do you imagine the Queen of England decides our Fed Funds rate?

[infowarrior]

The Fed is strictly American.

Bzzzt... Wrong answer. You lose, but thanks for playing...

the infowarrior

[Toddsterpatriot]

Ya got some bad info....warrior

[Frantzie]

Where did the money go? Also Goldman Sachs involvement and their market manipulation software - as described by a U.S. Attorney.

[BGHater]

Ya got a link or something?

the BGHater

[infowarrior]

Ya got some bad info....warrior

Matter of public record... Toddster. Something even a yuppie should understand...

the infowarrior