Update on the calls to audit the Fed

H.R. 1207: Federal Reserve Transparency Act of 2009

The bill is now up to 276 cosponsors, up from 260 just ten days ago.

S. 604: 2009-2010 Federal Reserve Sunshine Act of 2009

This bill now has 17 cosponsors, up from eight just ten days ago.

You can read my previous post on the subject here.

These bills, or this issue in general, will continue to gain support. Before long, they will be two big, white elephants that cannot be ignored. Pelosi, Reid, and Obama will have to allow these bills to come to the floor. It would be nice to see the mainstream media run with the story on this issue a little more than they have. But I think it's pretty obvious that they are not going to do so until the issue cannot be ignored any longer.

I read any interesting comment on another site the other day. A reader asked why there would be resistance for these bills to pass. Another reader commented that if the books were opened up, and we were permitted to see what is going on behind those doors at the Federal Reserve, it would simply serve to hasten the collapse of the system.

Interesting thought.