Posted by Karl Denninger
I have often written on this.
The Fed is trying to kill the audit provisions in the Financial Reform bill in the Senate, as I and others have written about extensively.
Please take the few minutes to read this article at Huffington Post, read my articles on this subject if you haven’t already, and then get on the phone and call your Senators today.
There is no reason that the actions of the government agencies that deal with our money should not be required to do so in a fully public and transparent form and fashion.
We now know for a fact that The Fed intentionally misled investors and the public during the housing bubble, and that they intentionally released misleading “minutes” of their meetings that did not reflect the content of the conversations actually held.
Strong, public and continuing audits would stop this abuse.
Such a law may have prevented the worst of the housing bubble and its effects.
The choice is yours folks: You can either submit to more lies and more abuse by Ben Bernanke and the rest of The Federal Reserve, or you can stand now and demand that it be stopped.