Thursday, November 19, 2009
MarketWatch reports that, much to the dismay of Fed chief Ben Bernanke, the House Financial Services Committee approved a measure sponsored by Rep. Ron Paul (R-Texas) that would require the government to audit the Federal Reserve.
Ron Paul's provision was opposed by Rep. Barney Frank (D-Mass.), the committee's chairman who preferred a less intrusive measure proposed by Rep. Melvin Watt (D-N.C.) in a surprising turn of events given how things looked the other day. For more, see Google News.