Financial Reform

Very few are happy with large banks and the Federal reserve at the moment. With bailout after bailout for banks, and literally trillions of unaccounted dollars within the fed, it is no wonder why the people want change. It started with Congressman Ron Paul of Texas proposing a bill to audit the Fed and making it accountable for its missing funds. However, he lacked enough support to make progress and the bill died.However, the idea has rekindled; Senator Bernie Sanders has proposed a bill that would audit the fed, and the bill is receiving much greater support from both sides than before. In addition, a second bill to break up large banks into smaller more efficient ones made its way to the floor with great support as well. With these bills, the proposers hope to limit the secret deals and lending that the Fed more than likely has been making and also stop banks from becoming welfare moochers.