Interesting....the bill to audit the Fed ALMOST has a veto-proof majority

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

HR 1207, the Federal Reserve Transparency Act of 2009 has 282 co-sponsors in the House, 8 short of a veto proof majority.....some of the notable co-sponsors are progressive Heroes like Dennis Kucinich, Lynn Woolsey, Pete Stark, Alan Grayson, Peter DeFazio, Marcy Kaptur, and Raul Grijalva. If they're supporting it I think we know it's a good bill.....(even though all House Repugs support it -- they may actually have something right for once)

http://www.govtrack.us/congress/bill.xpd?bill=s111-604

The Senate version, the Federal Reserve Sunshine Act, is sponsored by Bernie Sanders and has support from Russ Feingold, Ben Cardin, and Tom Harkin.

I think it's time for some real change to our financial system.

Fed are noxious. And I suspect we won't need the veto-proof part (although it would be nice).

if I'm wrong.

to force a bill to the floor.

They are generally a tool of the minority.

It is to be used only as a last resort when a bill will not move out of committee.

and would be a good sign.

The very fact that it is currently illegal to audit the very source of control over the nation's money supply is sure indication that it was designed as a means to steal for the people.

And that is exactly where this leads.

Exactly how much information from the Federal Reserve do you want in the congressional record?

their flatscreen TVs!

But I agree with RBTexLA that populism and monetary policy do not mix, and would much prefer to keep an independent central bank. such a thing isn't in the constitution, but neither are many other functions we now consider appropriate for government - such as education and healthcare for example.

When a central bank or control of the money supply (the prime function of a CB) is in the hands of politicians, then monetary policy starts to be influenced by electoral cycles and too much political power is concentrated in too few hands. This might seem odd considering how much power is gathered at the Fed, but the Fed chairman or the individual bank governors don't involve themselves in fiscal policy. Fiscal policy and monetary policy are two very different things, but not many people seem to make that distinction.

Pay attention.

then the thread does? I don't mind of course. :)

Not to mention making sure their insurance covers valium ordered by the pound.