Behind the Bernanke curtain.... transparency to the Federal Reserve

EDITORIAL: Behind the Bernanke curtain

Senate must act to bring transparency to the Federal Reserve


The ongoing quantitative easing program that involves the purchase of $40 billion a month in bonds and mortgage-backed securities, the need for oversight has never been more critical


Naturally, the Fed opposes an audit. Chairman Ben S. Bernanke has even refused to divulge to Congress the names of the financial institutions that received trillions of dollars from the Fed— including foreign banks and firms.

President Obama, who promised to deliver “the most transparent administration in history,” opposes a public audit, too.

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