Secrecy and the Federal Reserve
Thursday, November 19, 2009Posted in category Uncategorized
Ron Paul’s Audit the Fed bill makes the pages of the Financial Times, and the article even discusses Paul’s ultimate goal of ending the Fed.
The draft legislation instructs the GAO to conduct a thorough audit within a year of the law passing. Mr Paul and his supporters want to examine every line of the Fed’s balance sheet.
If this bill gets through without being hacked to pieces, I’m applying for a Senior Auditor position at the GAO .
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cousin lucky says:
November 20th, 2009 at 12:15 am
Wall Street Sleazeballs and our elected elite are not going to have their hanky-panky divulged to an already rip-roaring mad American public. They will find a way to either stop this or go around it. Yes, I am cynical!! Our government is a total disgrace!! You Betcha!!
Michelle Fire Eater says:
November 20th, 2009 at 5:01 pm
Go get ‘em, Karen. I shall laugh my head off thinking of all the intellectual limbs in that dept. being severed by your unforgiving wit.
However.
I am bothered by two things. One, why are they allowing this now? These buggers have their hands in every pie, and it seems to me they are letting themselves be punched a little too easily. Perhaps I overestimate their influence, which brings me to number two: Watt is the best monkey they can come up with? I mean, did you see him whining about Grayson? If Watt is the best they can manage, then they’re days are most certainly numbered.
I just wonder what they have up their sleeves, besides my husband’s paychecks. Hm.
Michael says:
November 29th, 2009 at 12:02 pm
It almost was gutted by Rep. Mel Watts (D-NC).
Watts’ amendment would have de-clawed HR 1207. What’s equally interesting is that Bank of America’s corporate headquarters are located in Watts’ congressional district and is a big-time donor to his campaign war chest. Let’s hear a collective “hmmmmmmmmm”.
Fortunately, the Grayson-Paul amendment past which restored HR 1207 to it’s former incarnation.
But there are certainly other threats out there, including Barney Frank, who was previously a supporter. Nancy Pelosi, Chris Dodd, and ultimately Barack Obama will surely line up to defend the Big Banks.