A small group of unelected government officials in Washington have the power to bail out banks and other financial institutions, free from budgetary constraints or democratic accountability. Yet insiders don’t think the public has any right to know what’s going behind the curtain.

Sen. Rand Paul wants a vote on his “Federal Reserve Transparency Act,” and to that end, he’s delaying the nomination of Janet Yellen as chairwoman of the Federal Reserve Board. Majority Leader Harry Reid, however, has the power – and apparently the intention – to block a vote on this bill, which Wall Street and the Fed both oppose.