Ron Paul: The secretive FED needs an audit
Ron Paul, the 11-term Republican U.S. representative from Texas, writes:
A growing number of Americans are becoming aware of the Federal Reserve System, what it is, how it has precipitated our financial crisis, and how it continues to pursue policies that delay economic recovery and weaken the dollar.
The Fed’s actions, combined with the federal government’s bailout bills and stimulus packages, have struck a nerve in the American people.
Recent polls have shown that more than 75 percent of Americans support efforts to audit the Fed. It is imperative that the American people know what the Fed is up to, how much money it loans to banks and what types of agreements it enters into with foreign banks and governments. Just about all of this information is exempt from audit or oversight.