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independence, and it wouldn't put Congress in charge of monetary policy. An audit is simply an examination of records or financial accounts to check their accuracy. We must not equate "independence" with secrecy. No matter how intelligent or well-intentioned the Fed chairman and his staff may be, it isn't appropriate to give a handful of people the power to lend an unlimited supply of money to anyone it wants without sufficient oversight. Absolute power corrupts absolutely. The American people have a right to know what is being done with their hard-earned taxpayer dollars. This money does not belong to the Fed; it belongs to the American people. ad_icon BERNARD SANDERS U.S. Senator (I-Vt.) Washington The writer is the sponsor of the Federal Reserve Sunshine Act. Tuesday, July 28, 2009 Regarding the July 24 editorial "Focus on the Fed": What a sad day for a newspaper with a storied reputation for exposing waste, fraud and abuse in government, to oppose the Federal Reserve Sunshine Act, legislation that would simply increase transparency at the Federal Reserve. The Fed has expanded its balance sheet by more than $1 trillion in taxpayer dollars in response to the financial crisis. Who received this money? Is it being used primarily to help ordinary Americans or just the wealthy and well-connected? What conflicts of interest exist between members of the Fed and Wall Street bankers? This is all information that the American people deserve to know. The Fed isn't answering these questions. That is why an independent audit of the Fed is gaining such bipartisan support. This legislation wouldn't undermine the Fed's

The Associated Press reports today that the supposed North Carolina terrorism suspects may be tried with secret evidence. The case may involve "classified material that will raise national security issues if given to their defense attorneys," federal prosecutors told the AP. The men charged in the case are to appear in federal court on Tuesday.

Let me set down a couple of fervent beliefs that animate everything I do and everything I say. I believe that God created heaven and earth and every single individual on the planet. I believe that the God who gave us life gave us liberty and that freedom is our birthright. I believe that the States created the federal government and not the other way around. And that the power that the States gave to the Federal Government - they can take back.

A new Rasmussen telephone poll suggests that 75 per cent of Americans support the Federal Reserve System being audited. 9 per cent of respondents oppose any effort to audit the nation's central bank. 15 per cent are unsure.

A new Rasmussen telephone poll suggests that 75 per cent of Americans support the Federal Reserve System being audited. 9 per cent of respondents oppose any effort to audit the nation's central bank. 15 per cent are unsure.

According to the CIA's World Factbook, Americas GDP for 2008 was $14.58 trillion dollars. Fox News reported The United States Government and The Federal Reserve have so far pledged & committed $23.7 trillion dollars, an amount that far exceeds the value of everything we produced in this country in 2008. Simply put, the zero oversight bailouts dwarf our U.S. Gross Domestic Product. California Representative Darryl Issa, ranking member of the oversight committee wrote "If you spent a million dollars a DAY going back to the birth of Jesus Christ, that wouldn't come close to just $1 trillion….$23.7 trillion is a staggering figure".

Federal Reserve chairman Ben Bernanke appeared incredibly nervous during an interview aired last night on PBS' NewsHour, particularly during a question on the ongoing effort to pass legislation that would see the Fed's books being opened up to a general audit.