Like Causes?

Install the App
TRY NOW

senate Bill S. 2232

Auditing the Federal Reserve

Argument in favor

The Federal Reserve system is a mystery to the majority of Americans, but it plays an absolutely integral role in the U.S. economy. An audit would shed some light on a veiled part of our banking system.

···
11/09/2015
The Federal Reserve is not Federally owned; private stock holders own the FED. It's the biggest counterfeiting operation in the history of mankind and is 120% UNCONSTITUTIONAL! They possess the power to create money out of thin air and hold the American people as collateral aka Slaves. http://youtu.be/j282JKnmeVo
Like (129)
Follow
Share
BTSundra's Opinion
···
11/08/2015
All power should be questioned. I'd personally see to an audit of most/all federal agencies.
Like (64)
Follow
Share
AndrewGVN's Opinion
···
11/09/2015
An audit will help the American people understand how their tax dollars are being spent, I see nothing wrong with the allowing of this audit on the Federal Reserve.
Like (39)
Follow
Share

Argument opposed

Federal Reserve system already goes through audits, and it's making strides towards being more transparent. An audit initiated by Congress will lead to increased political influence on the Fed's policies.

ConcernedMember's Opinion
···
11/10/2015
I worked at the Fed and always averaged at least three separate audits going on at any given time. It is a gross waste of tax payer dollars to add yet another audit. How about using the results from all the current audits for what Congress is looking for?
Like (35)
Follow
Share
TDJCatholicBlogger's Opinion
···
11/11/2015
The Federal Reserve undergoes several audits a year from independent firms. I'm not sure what another audit would show.
Like (15)
Follow
Share
Tina's Opinion
···
11/08/2015
The GOP just wants to use this as a political tool to try to give more influence over Fed policies to the GOP's Corporate masters.
Like (9)
Follow
Share
    The Federal Reserve is not Federally owned; private stock holders own the FED. It's the biggest counterfeiting operation in the history of mankind and is 120% UNCONSTITUTIONAL! They possess the power to create money out of thin air and hold the American people as collateral aka Slaves. http://youtu.be/j282JKnmeVo
    Like (129)
    Follow
    Share
    I worked at the Fed and always averaged at least three separate audits going on at any given time. It is a gross waste of tax payer dollars to add yet another audit. How about using the results from all the current audits for what Congress is looking for?
    Like (35)
    Follow
    Share
    All power should be questioned. I'd personally see to an audit of most/all federal agencies.
    Like (64)
    Follow
    Share
    An audit will help the American people understand how their tax dollars are being spent, I see nothing wrong with the allowing of this audit on the Federal Reserve.
    Like (39)
    Follow
    Share
    Hell Yes!!! The Fed is so shady and the epitome of the economic evil creating the gap between the top 1% and the middle class. I want the law that put them in control that was passed in 1913 repealed and the money given back to the government AND the people. Furthermore I'd like a thorough audit of the Fed's actions over the last 100 years and jail time for any ethical misconduct produced from its members. The Fed is a disgrace, destroying any hope for economical freedom in America. They've made a mockery of the American Dream. They're disgusting and I want them gone, today!
    Like (20)
    Follow
    Share
    The Federal Reserve undergoes several audits a year from independent firms. I'm not sure what another audit would show.
    Like (15)
    Follow
    Share
    Audit and then dismantle the Federal Reserve. They print money we don't have. Back to the gold standard. Let's stop the smoke and mirror financial practices.
    Like (11)
    Follow
    Share
    What does the federal reserve do? All I know is it controls the prime rate that sets other interest rates. We need a public audit not one that is classified
    Like (10)
    Follow
    Share
    We need to know more about this organization!
    Like (9)
    Follow
    Share
    The GOP just wants to use this as a political tool to try to give more influence over Fed policies to the GOP's Corporate masters.
    Like (9)
    Follow
    Share
    This bill will audit monetary policy decisions by the federal reserve's board, which is not currently done by the GAO. Furthermore, this bill only allows transparency, not political influence by Congress, so it still avoids political meddling.
    Like (9)
    Follow
    Share
    Federal reserve failed to prevent the Internet bubble and the subsequent real estate bubble and therefore is not doing adequate job of protecting our financial system. The audit would help us understand why the Fed failed in the past and learn how to avoid future failures. We need to learn from our mistakes and the first step is to understand how and why we made them.
    Like (6)
    Follow
    Share
    If we are to have a private group of banks controlling the money, we should at the very least have transparency and a regular audit.
    Like (6)
    Follow
    Share
    I say we not only audit the Fed Reserve but we shut its doors and print our own money. Why should the people pay interest on money when the constitution states that it's the job of congress to do so. There again the Federal Reserve act is very unconstitutional and was never passed congress by vote
    Like (5)
    Follow
    Share
    Maybe citizens should audit the whole government.
    Like (5)
    Follow
    Share
    The Federal Reserve has gotten way too BIG for its britches. They own us-- when I say us I mean the people, the government, everyone
    Like (5)
    Follow
    Share
    Eliminating would be better, but this is a great start. And call it the Ron Paul Act.
    Like (4)
    Follow
    Share
    Yes! The Feds audit our banking system so it seems logical that taxpayers can audit the Federal Reserve
    Like (4)
    Follow
    Share
    We need to audit the Fed, then end it.
    Like (4)
    Follow
    Share
    Perpetually!
    Like (3)
    Follow
    Share
    MORE