Support for Ron Paul’s Audit of the Federal Reserve Grows: Over 300 Co-sponsors Now on Board

10-06-2009 • American Banking News

and transparency initiated to find out what they are and have been doing: both recently – and hopefully – in the past.

To that end Ron Paul introduced H.R. 1201: Federal Reserve Transparency Act of 2009, in order to have a complete audit conducted by the Government Accountability Office, whereby all the dealings of the Fed and current Chairman Ben Bernanke can be brought out into the open for all of us to see.

Ron Paul has been fighting this battle for decades, and now through the current economic crisis, more of a magnifying glass has been focused on the Fed and the possible role they had in creating and expanding the problem; something past Federal Reserve Chairman and their misguided policies have done. The good news is now over 300 co-sponsors of the bill have signed on, and should be brought out of committee by Barney Frank for debate and a vote.

The concern now is will it have any teeth or be changed to the point of irrelevance. It