Quote: Originally Posted by rubberhead
Has anyone heard about the effort to derail S. 604? The senate is trying to water it down so that the GAO can only audit the Fed during a crisis. I hope they don't succeed.
Yes. It's called the Federal Reserve Accountability Act, which essentially allows them to audit the TARP funds. But it wouldn't allow for as thorough an audit as 1207/604, and should therefore be opposed.
"The fact is that the average man's love of liberty is nine-tenths imaginary, exactly like his love of sense, justice and truth. He is not actually happy when free; he is uncomfortable, a bit alarmed, and intolerably lonely. Liberty is not a thing for the great masses of men. It is the exclusive possession of a small and disreputable minority, like knowledge, courage and honor. It takes a special sort of man to understand and enjoy liberty — and he is usually an outlaw in democratic societies." - H. L. Mencken
Anti-Imperialist ⋅ Individualist ⋅ Libertarian ⋅ Voluntaryist