Rep. Barney Frank (D-Mass.), chairman of the House Financial Services Committee, told a Massachusetts audience at a recent town hall that the House will pass legislation this fall mandating a "complete audit" of the Federal Reserve.
The bill to audit the Fed, H.R. 1207, was introduced by libertarian Fed critic Rep. Ron Paul (R-Texas) and is backed by well over a majority of the House. Frank's comment suggests it won't just be left to languish in committee.
"I want to restrict the power of the Fed in a number of ways," said Frank in response to a question about the bill.
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2 comments:
Barney might want to choose his words carefully here. The Fed is the true power in this country.
Good luck.
C'mon Dave, you're among friends here. Tell us how you really feel :)
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