The bill, which had 270 co-sponsors, passed by a 327 to 98 vote. All but one Republican, Rep. Bob Turner of New York, voted for the bill, along with 89 Democrats in a rare display of bipartisanship.
Billions of dollars in secret bailouts to banks? Printing money out of thin air and deflating our currency?
In one of the videos below, Rep. Dennis Kucinich (D-Ohio) makes a feverish plea for the bill to be passed, especially in the wake of the Barclay’s/LIBOR scandal.
“The Fed creates trillions of dollars out of nothing and gives it to banks. Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark,” Kucinich shouted passionately on the House floor.
Your damn right it’s time to audit the Federal Reserve. Go, Ron Paul!
The bill now moves on to the Senate.
Check out more in the videos below.
- House passes Ron Paul’s ‘Audit the Fed’ bill (rt.com)
- BREAKING: House passes Ron Paul’s audit-the-Fed bill (investmentwatchblog.com)
- ABC News: Ron Paul’s ‘Audit the Fed’ bill passes the House (dailypaul.com)
- Breaking News:House Votes Overwhelmingly to Audit the Fed! (thelonestarwatchdog.com)
- Ron Paul’s Latest “Audit the Fed” Bill Passes the House, 327-98 (reason.com)