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Will the Federal Reserve spill the beans?
Published: 07 August, 2009, 12:02
TAGS: Scandal, Crisis, Mass media, USA, Finance
US Congress is trying to pass a bill that would demand an audit of the country’s central bank to reveal the mystery of how government cash is used.
The Federal Reserve Transparency Bill put forward by Congressman Ron Paul is gaining momentum on Capitol Hill.
Many Americans are demanding a sound monetary policy and the need for transparency in their banking system after the Obama administration started its bailouts.
Meanwhile, media companies are filing lawsuits under the Freedom of Information Act to find out what the banks are doing with their funds.
The first legal case of this kind has so far been rejected.
“What happened with these different media outlets is that they submitted requests to the Fed to get very specific information on the ways the money was lent out between 2007 and 2008,” explains legal analyst Nicole Kardell. “Those requests were denied by the Federal Reserve’s board. And they were arguing that that information was exempted. There are nine enumerated exemptions under the act where the government agency is not required to share information on.”
07.08.2009, 10:15
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07.08.2009, 15:26
6 comments
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here we go again, we have a privately owned bank running our country and answerable to no one. the few brave men who haven't been bought and paid for buy these manipulating scum are demanding accountability. Congressman Paul is a true american and if we can just get the media and citizens to put the pressure on maybe we can get some answers. I'm not holding my breath though, the people who run the Federal Reserve are a powerful octopus that have their tentacles in all areas of business, politics, and media.
There is no chance of an audit of the federal reserve system in America. These rich bankers, foundations and corrupt politicians have America right where they want America, under their total control. This is enabled by huge propaganda campaigns by the corrupt media which is also special interest owned and controlled. America, you have been had for the forseeable future unless there is a miracle and the American population starts wake up on a huge, national scale.