Senate Majority Leader Harry Reid has said that the Senate will not consider [Ron Paul’s Audit the Fed] legislation, virtually guaranteeing that it will never become law.
But Reid hasn’t always been opposed to a central bank audit. In fact, the Nevada Senator has himself introduced legislation to audit the Federal Reserve, and co-sponsored several bills to increase transparency at the central bank in the 1990s, according to government transparency watchdog Govtrack.
More at Business Insider.
The money quote: ”Even though there is no entity in the world that controls our lives more than the Federal Reserve system, [calls for an audit] go unnoticed, I’m sorry to say.”