Bill to Audit the Fed passes key hurdle

gscraig · 11-20-2009, 11:11 AM

Huffington Post
By Ryan Grim 11/19/09

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter.

http://www.huffingtonpost.com/2009/1..._n_364546.html

11-20-2009, 11:11 AM	#1
gscraig Avalon Senior Member Join Date: Mar 2009 Posts: 335	Bill to Audit the Fed passes key hurdle Huffington Post By Ryan Grim 11/19/09 In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter. http://www.huffingtonpost.com/2009/1..._n_364546.html