Ron Paul wins: House votes to audit the Federal Reserve

House lawmakers voted today to have an independent audit the Federal Reserve take place, a process that will probe the Wall Street bailouts and other Federal Reserve decisions since the 2008 financial crisis.

“Since the 2008 financial crisis, the Fed has tripled its balance sheet to $3 trillion, equivalent to 20% of the economy, through an unprecedented series of bailouts and economic interventions,” said House Oversight and Government Reform Committee chairman Darrell Issa, R-Calif., who shepherded the bill through his committee. “The public has a right to understand how and under what terms decisions were made and who is responsible.”