From the Horses Mouth: Barney Frank Announces Fed Audit??

"Audit the Fed" Bill Will Pass This Fall – Blog – OpenCongress:

“FRANK: “We will subject [the Federal Reserve] to a complete audit. I’ve been working with Ron Paul, who is the main sponsor of that bill. He agrees that we don’t want to have the audit appear as if it is influencing monetary policy because that would be inflationary, and Ron and I agree on that. We also think, one of the things the audit will show you is what the Federal Reserve buys and sells. And that will be made public, but not instantly, because if that was made available instantly you would have a lot of people trading off of that and it would have too much impact on the market. Again, Ron agrees with that. So we will probably have that data released after a time period of several months – enough time so that it wouldn’t be market sensitive. That will be part of the overall federal regulation that we are adopting. The House will pass it probably in October.”” Video at link.

Excuse me readers for sounding paranoid but what is up with this. From the man who almost single handedly destroyed America with his push of sub prime loans??? All I can say is a commie in sheeps clothing is still a commie. Hopefully Ron Paul will keep him straight. My motto is “Paranoid is not the problem”. The problem is “Are you paranoid enough.”

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