The Audit the Fed site has three recent news reports you should know about:
- 79% of Americans favor a full audit of the Fed. 14% are unsure, and a mere 7% oppose an audit like H.R. 1207 and S. 604 propose (click those bill number links to follow them on Twitter). Also newsworthy? “Just 21% of Americans favor Bernanke’s reappointment, while 41% are opposed.” Bernanke’s confirmation hasn’t gone through yet, and it has to pass by January 31 for him to remain in his position. Anti-Fed activism, anyone?
- Bloomberg reports that Treasury Sec’y Timmy Geithner told AIG to withhold information from the public while he worked for the NY Fed. Surprising? Not so much. But interesting, nonetheless. “It appears that the New York Fed deliberately pressured AIG to restrict and delay the disclosure of important information.” And…21% of Americans still don’t get why we need to audit (and end) this monster?
- In happier news, “A federal appeals court on Monday appeared skeptical of U.S. Federal Reserve efforts to prevent the press and the public from learning the names of participants in emergency lending programs designed to support and bail out the financial system.” Good for the court.