Congressman berates Fed lawyer about unaccountability


4:41p ET Friday, September 24, 2009

Dear Friend of GATA and Gold:

At today's hearing of the House Financial Services Committee, U.S. Rep. Alan Grayson, D-Florida, berated the general counsel of the Federal Reserve System, Scott G. Alvarez, about the Fed's unaccountability. Our friend Bix Weir has provided a partial transcript of the exchange and has included a link to a video of the full exchange at YouTube. It seems that understanding of the Fed's absolute power is growing. You can find Weir's work at GoldSeek here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

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