Lehman Cooked The Books Prior To Collapse; Geithner And NY Fed Implicated

Court documents detailed fraudulent accounting practices prior to the collapse of Lehman Brothers also implicate the US Federal Reserve bank for allowing these practices to go on.

Kudlow Report: You Can’t Manage A Financial System with Fiat Money

Ron Paul on The Kudlow Report argues the need for a Fed Audit on CNBC and debates former ITC chief economist Peter Morici

Texas Straight Talk: Audit the Fed Attached as an Amendment

By Ron Paul

I was pleased last week when we won a vote in the Financial Services Committee to include language from the Audit the Fed bill HR1207 in the upcoming financial regulatory reform bill. As it stands now, if HR 3996 passes, because of this action, the Federal Reserve’s entire balance sheet will be opened up to a GAO audit. We will at last have a chance to find out what happened to the trillions of dollars the Fed has been giving out.

House panel OKs plan to open Fed policy to audits

Audit The FED bill gains momentum in the House

Audit The Fed Effort Under Threat In House

Amendment by Mel Watt (D-Fl) seeks to neuter any attempt to audit the private federal reserve.