Earlier this week the House Committee on Oversight and Government Reform asked the FED to turn over documents including emails to and from Big Ben as well as some notes from meetings and conversations involving Bernanke; Hank Paulson and Ken Lewis, CEO de la Bank of America.
Congressional investigators are looking for details concerning the acquisition of BoA of Merrill Lynch.
But more is underway.
Ron Paul, member of Congress wants to propose bill HR1207 to audit the FED. For the moment ‘The Federal Reserve Transparancy Act’ has 206 co-sponers. Only 12 more are needed to introduce the bill in Congress.
For your info: the FED has 45 bln USD in capital and 2.1 trln USD in assets. And is not audited.
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Congressional investigators are looking for details concerning the acquisition of BoA of Merrill Lynch.
But more is underway.
Ron Paul, member of Congress wants to propose bill HR1207 to audit the FED. For the moment ‘The Federal Reserve Transparancy Act’ has 206 co-sponers. Only 12 more are needed to introduce the bill in Congress.
For your info: the FED has 45 bln USD in capital and 2.1 trln USD in assets. And is not audited.
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