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Fed audit proposal gains momentum in Senate

May 7, 2010
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Brrack’s administration withdrew its objections to an audit of the federal reserve Thursday, saying it was satisfied that the audit would not interfere with the Fed’s authority to set monetary policy.

The one-time audit would focus on the Federal reserves emergency lending to banks and other financial institutions leading up to and after the 2008 financial crisis.

One Comment leave one →
  1. May 7, 2010 1:46 am

    The federal reserve is not a Government agency incase any one doesnt already know.

    They do however print our money (for a fee) and control our finanical system.

    They are an organization that is made of world bankers and business men.

    They should be disolved and the US should handle its own money.

    Oh, yeah the last president (John F. Kennedy) that tried to disolve the federal reserve and return the US to a gold and silver standard was assasinated 6 weeks later before his legislation was passed and it was never brought up again.

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