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Should we audit the federal reserve?

We are held accountable for our taxes, shouldn't the governement be held accountable?


Asked by Anonymous at 11:52 AM on Jul. 20, 2009 in Politics & Current Events

This question is closed.
Answers (5)
  • Yes. Remember one of those first bailouts ... several billions were given - with no reporting or tracking required - to the Treasury and the Federal Reserve. Then, a number of weeks later more money was asked for, and that raised an outcry asking what had happened to the first money. It was well known that $16 billion had gone to banks in other countries. But where OTHER money had gone was unclear. And when Congress - who owned the money - demanded an accounting from the Federal Reserve, the answer was "No".


    If the Federal Reserve is using its control of and access to US billions to build and strengthen an international banking network which is destructive of America's welfare, then we DO want an audit to bring this to light.

    Those who own parts of the banks profiting from the Fed want to keep it hidden. And a LOT of politicians are owners, or work for owners.

    Answer by waldorfmom at 4:58 PM on Jul. 20, 2009

  • yes and congress as well.

    Answer by Carpy at 11:56 AM on Jul. 20, 2009

  • Yes, but looks like the Dems don't think so....they did shoot down the bill that RP had that would hold the Fed Reserve accountable, therefore have them audited. Apparently, the Dems like it to give the Fed Reserve free reign!

    Answer by Anonymous at 12:15 PM on Jul. 20, 2009

  • yes and congress as well. good


    Answer by Jerichos_Mommy at 12:25 PM on Jul. 20, 2009

  • What would be the point? We are in debt. What's to audit?

    What we need to do is audit the fiscal responsibility and functionality of every single program and entity that receives federal funds and try to cut out wasteful spending.


    Answer by SRiveroC at 3:02 PM on Jul. 20, 2009