Congress Caves on Audit the Fed: Ron Paul Says ‘Foolish’

Activist Post
The ‘Audit the Fed’ bill sponsored by Congressman Ron Paul and previously supported by 320 members of the House failed by a vote of 229-198.  The amendment would have given the Government Accountability Office authority to audit the Federal Reserve.
Ron Paul released the following statement on his website; “It is foolish to grant more powers to the institutions that caused all the moral hazard and malinvestments that got us into this mess…It is doubly foolish to do so without any meaningful accountability or transparency.”


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