2012-07-25 — washingtontimes.com
The bill would grant the Government Accountability Office, which is Congress's chief investigative arm, the power to retroactively review the Fed's decision-making -- particularly on monetary policy.
...
Congress has okayed more limited audits of the Fed in recent years, and following through on that a GAO report last year found the Fed repeatedly invoked emergency authority to expand its lending during the Wall Street crisis in 2008 and 2009, including major loans to prop up the housing market.
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