Today Ron Paul took the oppportunity during his questioning of Ben Bernanke’s Joint Economic Committee testimony to put him and the Fed on notice. Today Ron Paul’s H.R. 1207 is up to 124 official cosponsors, so Paul has some serious backing when it comes to the “transparency” issue.
Bernanke’s response was interesting given the recent failed FOIA requests by both Fox News and Bloomberg at having a full public accounting of where the money went. Bernanke is blowing smoke as usual. We worry that if H.R. 1207 passes that it won’t amount to much “real” transparency, but we also should know that we have to start somewhere.
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