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House Votes To Audit The Fed... And Deregulate Wall Street

http://www.huffingtonpost.com/2014/0...n_5838718.html

http://alabamatruth.com/wp-content/u...ditthefed1.png

WASHINGTON -- The House of Representatives voted overwhelmingly to audit the Federal Reserve on Wednesday, a broadly bipartisan call for financial reform that accompanied two other bipartisan votes providing government perks to Wall Street on everything from higher mortgage fees to speculation in securities markets.

The votes underscore unique tensions among both Republicans and Democrats. All three bills garnered strong Republican majorities while essentially splitting Democrats down the middle.

"Today, the House passed the Federal Reserve Transparency Act," Speaker John Boehner (R-Ohio) celebrated in a Vine video. "Finally, we're gonna audit the Fed."

Continued http://www.huffingtonpost.com/2014/0...n_5838718.html

Watch for a bunch of heart attacks and private plane crashes soon

The Senate will need to pass the House's bill -- It most likely will not.

That said, auditing the Federal Reserve Bank seems OK but deregulating ''Wall Street'' is just asking for trouble.

Expanding the Caveat Emptor status of investments serves little purpose than to enable a lot of fraudulent practices that in the end game will reduce what public confidence is left in the markets.