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US House passes Fed audit bill; measure seen dying in Senate
- jebblue 14y ago"Some Democrats, generally less critical of the Fed, say such audits would undermine the Fed's independence and erode market confidence in the central bank. "That will politicize the making of such policy, and I think it's a bad way to go," said Steny Hoyer, the number-two Democrat in the House." The Senate, if this fails, should be very ashamed and Obama's Administration should be extremely ashamed; where's the transparency Mr. Obama?
- carsongross 14y agoThe senate will not pass it, because it is owned by the banks. I doubt it will even be voted on. If, by some miracle, the senate did vote on it and pass it, Obama (or Romney) would not sign it, they would most likely pocket veto it so he didn't have to answer questions about it. This is because the presidency is also owned by the banks.