Fed audit in rules reform “pseudo” says Ron Paul

On November 13, 2009, in The Liberty Report, by Rusty Ray, Executive Editor 33 views

Reuters reports that a long-standing U.S. congressional critic of the Federal Reserve said on Friday his proposal to audit the U.S. central bank’s monetary policy, an initiative strenuously opposed by the Fed, has been defanged in financial reform legislation in the House of Representatives.

“The plan now is to get an audit put into the bill, but it will be a pseudo audit, it won’t amount to much,” said Representative Ron Paul in an interview on CNBC television.

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Rusty Ray, Executive Editor

Rusty Ray is Executive Editor of Big 3 News. He started his professional career as an Advertising Account Executive with Brown Publishing Company. Rusty attended Southern State Community College in Ohio where he was Editor of the student newspaper, The Sentinel. He earned his Associate of Arts Degree with a concentration in Journalism and studied at Ohio University. Rusty served at local and national levels as a grassroots political activist, campaign volunteer, and elected public official. He currently resides in Ohio.

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