Bankers versus Rand Paul?

The Marriner S. Eccles Federal Reserve Board Building - Washington, DC (photo via Wikimedia Commons)
The Marriner S. Eccles Federal Reserve Board Building – Washington, DC (photo via Wikimedia Commons)

Five of twelve regional Fed presidents have formally opposed Audit the Fed, and now Reuters reports:

A Reuters survey of 24 state banking groups has found that four are actively opposed to Audit the Fed and five would probably take a stand against the bill if it gains more support, giving the central bank an influential ally as the Fed ramps up its own public opposition. . .[T]he Ohio Bankers League. . .is sending 82 members to Washington this week [to oppose the bill].

Meanwhile, as ThePulse2016.com previously reported, Sen. Elizabeth Warren has flip-flopped, recanting her support for Audit the Fed. It is unusual for the Democrats to line up with the bankers, at least in mainstream media mythology.

Paul Dupont is a legislative assistant at American Principles in Action.