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.
"And now that the legislators and do-gooders have so futilely inflicted so many systems upon society, may they finally end where they should have begun: May they reject all systems, and try liberty." - Frédéric Bastiat
Anti-War • Free Markets • Libertarian • Rothbardian • Voluntaryist