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Treasury Dept. Opposes Fed Transparency

March 9, 2010 - by Donny Shaw

You would think the White House would get behind a proposal that is sponsored by a full 3/4ths of the House of Representatives, but they're not.

Ryan Grim of Huffington Post reported today from a briefing with Treasury Secretary Timothy Geithner and a couple Treasury officials that they are "intensely opposed" to the Ron Paul-Alan Grayson bill to require a full audit of the Federal Reserve. The bill has  already passed the House as a part of the broader financial reform package (H.R.4173) and it is immensely popular with the public as well as Members of Congress -- the stand-alone version of it has 317 co-sponsors in the House and 33 sponsors in the Senate. According to sponsorship statistics, it's the most popular bill in Congress right now.

Read Full Article Comments (4)
Federal Reserve Treasury Department Audit the Fed Ron Paul Alan Grayson Bipartisanship Transparency Government Accountability Office
 

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