On procedural grounds, the Senate blocked a bid to permit the U.S. comptroller general, who heads the investigative arm of Congress known as the Government Accountability Office, to audit the Federal Reserve system and issue a report.
…The audit would have included details about the Fed’s discount window operations, funding facilities, open market operations and agreements with foreign central banks and governments, DeMint said on the Senate floor.
“The Federal Reserve will create and disburse trillions of dollars in response to our current financial crisis,” DeMint said. “Americans across the nation, regardless of their opinion on the bailout, want to know where the money has gone. “Allowing the Fed to operate our nation’s monetary system in almost complete secrecy leads to abuse, inflation and a lower quality of life,” he said.
Share on Facebook 1 1 SHARES This memorial day, rapper Snoop Dog reached out via an Instagram video with a little bit of a rant about the current state of black media. Snoop, seeing Roots being played during a day that should be all about our fallen troops, was agitated that the only time they want to talk about blacks in art is to talk | Read More »
Share on Facebook 1 1 SHARES Today is Memorial Day, and companies across the county have taken time to honor the servicemen and servicewomen who have sacrificed all for our freedom. For instance, at some Chick-fil-A locations (probably most, if not all), there is a Missing Man table complete with Bible, flag, and empty place setting arrayed to honor those who never returned home from the battlefield. I happened across | Read More »
Share on Facebook 1 1 SHARES Isn’t it weird how Trump saves his most outlandish (and least truthful) attacks for other Republicans, even though he’s already the presumptive Republican nominee and has no need to run against Republicans at all? It’s almost the guy grew up as a liberal Democrat and still is one at heart, or something. Anyway, the latest Republican to make him | Read More »