On Friday, Sept 26, the House Financial Services Committee held a full committee hearing on H.R. 1207. If you're not familiar with this bill, it's been introduced in every session of Congress by Ron Paul for over twenty years to audit the Federal Reserve. Before last year, it was largely ignored by the rest of Congress - times were good, so why worry about the Fed? The economic meltdown and the Fed's actions since March of 2008 has changed that perception, even if only momentarily. Why the current interest? Because the Federal Reserve - a privately owned corporation who's major ...