Let’s Change America

We want to make fellow Americans aware of the issues in Washington that need change, and provide them with the information along with the Bills that would bring the much needed change to our great nation. We the people can restore our republic and return our country back to our founding principles
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Bernanke Fights House Bill To Audit The Fed

Posted by on July 28th, 2009 | Categorized as Economy, In The Media, Legislation | Tagged as , , , ,

Federal Reserve Chairman Ben Bernanke is strongly opposing a proposal in Congress, which enjoys the support of over half of the U.S. House of Representatives, to audit the Fed.

During an appearance on PBS’s NewsHour, which will be aired this week on local PBS stations, Bernanke said the proposed legislation would interfere with the central bank’s independence. “I don’t think the American people want Congress running monetary policy,” he said. “And I think that’s very very critical for people to understand.” (See transcript below.)

This is an odd claim. If you read the bill (H.R.1207), it simply amends existing law to say “under regulations of the Comptroller General, the Comptroller General shall audit” the Federal Reserve Board and its member banks.

Read the rest.

Keep urging your Congressmen to support this bill and urge your Senators to support S604.  We need this audit and can get it if we continue the great work we’ve done so far!

The opinions expressed in this post are those of the individual author, our author or the author of any piece that may be quoted or even both, and may or may not represent those of 'Let's Change America'.


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1 Response to “Bernanke Fights House Bill To Audit The Fed”

  1. avatar
    Ron says:
    August 1st, 2009 at 8:09 am

    75% of Americans Want To Audit the Fed – Now Thousands Want to Abolish It!

    Read the petition and the angry comments at http://www.petitiononline.com/fed/petition.html

    Thanks,
    Ron

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