On the one hand, Obama & Co. wants to give the Fed broad new powers to oversee the activities of companies deemed "large enough that their failure can effect the economy as a whole" and act as a consumer protection agency. On the other hand, Ron Paul is winning alot of support in the House for his Fed transparency bill which will require an outside audit of the Federal Reserve.
It's an interesting time to see the country's most powerful agency at once reaching for more power, and at the same time, subject to scrutiny on an unprecedented level.
Thoughts?
The Rev