Ryan Grim at Huffington Post has the details on the intrigue going on in the House yesterday with efforts to finally audit the Federal Reserve and find out where all those trillions of dollars are going. In an unprecedented defeat for the Federal Reserve, an amendment to audit the multi-trillion dollar institution was approved by the House Finance Committee with an overwhelming and bipartisan 43-26...
Yesterday something truly startling happened. The American people won and the Establishment lost-- IN CONGRESS. That never happens. Alan Grayson and Ron Paul teamed up and made it happen-- against the wishes of their party leaders and, more important, against the wishes of the big banks that donimate the country and finance the campaigns of most of Congress. (Which probably means the bill-- we'll get...
Rep. Alan Grayson (D-Florida) speaking yesterday during the House Finance Committee hearing that resulted in a much weaker amendment by Rep. Melvin Watt (D-NC) being replaced by one backed by Ron Paul (R-Texas) and Grayson. Uh-oh! From Alex Jones: Fed Sicks Attack Dogs on Ron Paul after Audit Bill Passes .
This news is not directly related to election law, but it is being posted because it concerns Ron Paul, who has been the leading champion in Congress for ballot access reform for the last ten years. On November 19, the contents of Ron Paul’s HR 1207 were amended into the Financial Regulatory Reform bill [...]
/object> Clearly Grayson has this story cold. Equally as clearly, Barney Frank is a liar who never supported a true audit the Fed proposal in the first place. Sen. Dodd of Connecticut is another slithering weasel who loudly and publicly pretends to champion financial reform but when the votes come, backs the banksters. Ron Paul and Alan Grayson [...]
(ChattahBox)– Rep. Ron Paul (R-TX) together with Rep. Alan Grayson (D-FL) were successful in securing approval for their audit the Fed amendment, which was tacked on to the bill to overhaul our nation’s financial-system. Since Paul first proposed the auditing of the secretive Federal Reserve in the wake of its controversial bailout decisions, the measure [...]
This is big news in terms of finally getting somewhere on Auditing the Federal Reserve Bills that currently runs in the form of two bills: One of them is the House bill: RS 1207 with now 311 co-sponsors for the bill, and the other is the Senate bill: S604 in the Senate which now has 30 co-sponsors. Both bills authorizes the Government Accountability Office to conduct a wide-ranging audit of the Fed's...
The fight by financial reformers to hold the secretive Federal Reserve accountable for its role in allowing Wall Street and big banks to spiral out of control - and then keeping secret how it bailed them out - faces its first major test today. The House Financial Services Committee will consider two competing amendments on auditing the Fed. read more
The House Financial Services committee began debating Mel Watt’s amendment to Ron Paul’s HR.1207 bill to audit the Federal Reserve today. Watt’s bill is said to strip HR.1207 of it’s original purpose. The clip below shows Alan Grayson arguing against Mel Watt’s amendment and then Watt’s rather angry response. Stay tuned for more clips…
The fight by financial reformers to hold the secretive Federal Reserve accountable for its role in allowing Wall Street and big banks to spiral out of control - and then keeping secret how it bailed them out - faces its first major test today. The House Financial Services Committee will consider two competing amendments on auditing the Fed. They can't come too soon. read more
Writes Glenn Greenwald: Something quite amazing happened yesterday in Congress: the House Finance Committee — in a truly bipartisan and even trans-ideological vote — defied the banking industry, the Federal Reserve, the Democratic leadership, and mainstream Beltway opinion in order to pass an amendment, sponsored by GOP Rep. Ron Paul and Democratic Rep. Alan Grayson, mandating [...]
Connecting the Dots in the New World Order (Free subscription) | 6 hours ago
The Federal Reserve attack dogs are out in full force today following Congressman Ron Paul’s decisive victory in the battle to bring transparency to the privately owned central bank. The House Financial Services Committee passed the amendment to increase Federal Reserve transparency in an overwhelming and bipartisan vote of 43 to 26. The amendment, sponsored by Ron Paul and Democratic Representative...
This does not bode well for the prospects of H.R. 1207 in the Senate: A growing effort in the House to require periodic audits of the Federal Reserve is little more than “great PR,” one Republican senator stressed Friday. Reps. Ron Paul (R-Texas) and Alan Grayson’s (D-Fla.) effort to subject much of the Fed’s records, communications and [...]
As you probably know, a group that I have dubbed The Infamous 53 , recently sent a letter to Speaker Nancy Pelosi opposing freedom for all Americans to travel to Cuba. Transcripts of the letter were available on the Internet. What was not ready available was the actual names of the 53. An alert reader of Cuba Journal sent to me a PDF file link with the text and the signatures and the names of the 53....
Last week, in response to the 2009 elections and the November jobs report, Senate majority leader Harry Reid came up with the idea of passing a new jobs bill . Open Left was able to quickly confirm that the House was working on a package as well. The jobs bill is going to happen. The House will likely pass a bill in December, and the Senate will match in January or February after the health care bill...
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