Kucinich Adopts Amendment For Fed Audit In New Bill

Liberty_Mike, DailyPaul: What the hell is going on with Kucinich?? After all of us contacted him asking for his support on HR 1207, he is now adopting an amendment in the bill HR 2646, which would allow for an audit of the Fed. Why is Kucinich not supporting 1207?

Washington, Jun 4 — Congressman Dennis Kucinich (D-OH) today won adoption of an amendment to H.R. 2646, The Government Accountability Office (GAO) Improvement Act of 2009. The Kucinich amendment would grant the GAO the authority to audit the Federal Reserve’s response to the financial crisis. The amendment was adopted unanimously in a committee markup of H.R. 2646 by the Oversight and Government Reform Committee.

“The Federal Reserve’s unprecedented response to the financial crisis reached a peak of nearly $2 trillion of new credit facilities. But not a penny was subject to oversight and scrutiny normally applied to large government programs. This amendment will finally provide some transparency by giving the GAO the authority to conduct detailed reviews of the Fed’s crisis-related interventions in financial markets,” said Kucinich.

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