Bernie Sanders in End the Fed, by Rep. Ron Paul (R, TX)


On Government Reform: Introduced Federal Reserve Transparency Act with Ron Paul

When Fed Chair Ben Bernanke refuses to give us information about the trillions of dollars of credit that he recently passed out in the bailout process because that would be "counterproductive," he is really saying, "It's none of your business."

He may well be protected by the law, but he is in defiance of the Constitution. The courts, under today's circumstances, will never rule that the Federal Reserve Bank chairman must reveal the information that the Congress or the people seek.

One thing I have noticed in studying the issue is that the more power the Fed has gained, the greater the secrecy they demand. Transparency is currently a hot issue in Congress because the people have awoken and have sent a message. This is not a conservative or liberal issue; it's not a Republican or Democratic issue. It is pervasive, across the political spectrum.

I introduced a Federal Reserve audit bill the Federal Reserve Transparency Act, HR 1207, which Bernie Sanders introduced in the Senate.

Source: End the Fed, by Rep. Ron Paul, p.174-175 Sep 29, 2010

The above quotations are from End the Fed, by Rep. Ron Paul.
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Page last updated: Dec 18, 2011