The Fed has spent trillions buying dodgy bank assets. Find out who, what, when and why!

I’ve said it before and I’ll say it again: AUDIT THE FED!!!

You can always count on the U.S. Senate to do the wrong thing. So it’s no surprise to learn the Senate is trying to gut the House-passed demand for a substantive Federal Reserve audit.

This is damn important because — to update former House Speaker Sam Rayburn for modern times — “A trillion here and a trillion there and pretty soon you’re talking real money.”

Posted by James on Sunday, April 25, 2010