Fed Beaten: Bill To Audit Federal Reserve Passes Key Hurdle

Huffington Post by The Huffington Post News Team | Nov. 20, 2009 (News Report)

In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an... Full Story »

Posted by Ben Ross - via OneRiot, Google Blogsearch (Politics)

More Info

Tags Help
Subjects: Politics
Topics: Congressional Oversight
Member Tags: Federal Reserve, banking
Stats Help
# Diggs: 26 (as of 2009-11-20)
# Tweets: 65 (as of 2009-11-20)
Editorial Help
Posted by: Posted by Ben Ross - Nov 20, 2009 - 8:29 AM PST
Reviewed by: Ben Ross (review), Fred Gatlin (review), Samuel W. Velsor IV (review)
Content Type: Article
Edit Lock: This story can be edited
Edited by: Ben Ross - Nov 20, 2009 - 11:36 AM PST

Reviews

Show All Comments
Show All | Notes | Comments | Quotes | Links
Fred Gatlin
3.2
 by Fred Gatlin - Dec. 12, 2009

This appears to be a good review of what happened in committee, but lacks depth of issues leading up to passage and skims over the Feds backing of a flawed amendment.

See Full Review » (11 answers)
Ben Ross
3.8
 by Ben Ross - Nov. 20, 2009

Lots of stuff about H.R.1207 passing out of committee 43-26 without the help of Barney Frank chairman's vote.

I wonder why an audit is viewed as 'defeat', by trhe authors.....seems more like a service for all of us....... Transparency ( and honesty) in government is long over due.

Ben posted this story.
See Full Review » (12 answers)
Samuel W. Velsor IV
2.8
 by Samuel W. Velsor IV - Nov. 21, 2009

I am concerned about adding political pressure to the Fed. On the other side of the coin is oversight which I agree right now is missing.

See Full Review » (12 answers)

Comments on this story Help (BETA)

Sort by: Oldest | Newest Hide All Replies
NT Rating | My Rating

Ratings

3.3

Average
from 3 reviews (40% confidence)
Quality
3.3
Facts
4.0
Fairness
3.3
Sourcing
3.0
Style
3.7
Context
2.7
Depth
3.0
Enterprise
3.3
Relevance
3.3
Popularity
3.3
Recommendation
3.3
Credibility
3.3
# Reviews
1.5
# Views
5.0
# Likes
1.0
# Emails
1.0
More
How our ratings work »
(See these related stories.)

Links Help

  • Danger lies in threat to Fed independence

    Washington Post by Alan Blinder | Nov. 19, 2009 (Special Report)
    H.R. 1207 seems innocuous enough. The overall question it raises sounds fair: After all, why should the Fed be immune from audit?
    Posted by Ben Ross
    2.2
     See Reviews »
    • Add a related link