Fed's secrecy is deceitful and corrupt

Fed's secrecy is deceitful and corrupt, Texas professor Auerbach says on Bloomberg TV

Submitted by cpowell on Fri, 2011-04-29 03:05. Section: Daily Dispatches

11p ET Thursday, April 28, 2011

Dear Friend of GATA and Gold:

Interviewed Tuesday by Bloomberg Television, University of Texas Professor Robert Auerbach, formerly an economist for the Federal Reserve and an aide to the late House Banking Committee Chairman Henry Gonzalez, D-Texas, recalls how the Fed has a long, corrupt history of hiding and then destroying its records to keep the public ignorant of what it is really doing. Congress should legislate to make the Fed more accountable, Auerbach says. It's something to keep in mind in regard to GATA's recent lawsuit against the Fed to obtain gold-related documents. The interview is not quite eight minutes long and you can watch it at Bloomberg TV here:

http://www.bloomberg.com/video/69042262/

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