DOWNLOADS: (60) PLAYS: (298) MSNBC's Dylan Ratigan talks to Rep. Alan Grayson about the amendment passed by the House Financial Services Committee to allow an independent audit of the Federal Reserve. If Alan Greenspan is not happy about it, I take that as a good sign they did the right thing. It only took putting this country on the edge of financial ruin that we're not out of yet for the S.O.B....
Connecting the Dots in the New World Order (Free subscription) | 11/21/2009
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...
If there is any bill more important than the health care bill, its HR 1207, auditing the fed.Ron Paul's bill to audit the Federal Reserve won a key committee vote recently, 42-36. I am so used to the special interests winning that I am surprised when the good guys win one. In this case, Paul had to amend his own bill because of the corrupt rules that allow sub-committee chairmen (like Mel Watt
Are the American people finally starting to stand up to Wall Street? Shareholder Revolt Some of Goldman Sach's biggest shareholders are demanding that executive compensation be reduced. As the Wall Street Journal notes : Their complaints in private conversations with the company and at analyst meetings show how anger over its big-money culture is spilling into the ranks of investors who typically shy...
It’s another sunny day of Indian summer here in Baltimore… here’s some fitting news: The “audit the Fed” bill is alive and kicking. As we reported earlier this month, Ron Paul’s popular proposal of HR 1207 was gutted by Mel Watt, a congressman firmly tucked in the pocket of the American banking...
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...
Edmund L. Andrews reports on how Ron Paul's "Audit the Fed" amendment got tucked into the new House bill on financial market regulation, maybe as a result of a growing number of elected officials having read Paul's new book End the Fed . At the House Financial Services Committee, which was working on a sweeping bill to overhaul financial regulation, Mr. Frank had argued that Mr. Paul’s...
At first glance, it seems like a good idea. Sunshine never hurts. But then again, all Congress does is make a political mockery of everything. Perhaps without the politics, the Federal Reserve is able to do important work. Here's its working definition of the FRB: The Federal Reserve is considered an independent central bank. It is independent since its decisions do not have to be ratified by the President...
The House Financial Services Committee approved the Paul-Grayson Amendment by an overwhelming 43-26 vote. The proposal is an amendment to HR 3996, the "Financial Stability Improvement Act of 2009″, which is sponsored by Congressman Barney Frank. The main provisions of the Paul-Grayson amendment include: - Removes the blanket restrictions on GAO audits of the Federal Reserve. - Allows audit...
November 19, 2009 Dear Friend of Liberty, Thanks to your quick action in contacting Congress, the House Financial Services Committee earlier today rejected Representative Mel Watt's attempt to hijack Audit the Fed by voting 43-26 to pass Ron Paul's amendment...
This is a snippet of the good news: The House Financial Services Committee has approved Rep. Ron Paul’s measure to drastically expand the government’s power to audit the Federal Reserve. Thank goodness Rep. Mel Watt’s anti-transparency measure was given the no-go. Posted via email from Duane’s Quick Posts
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 vote on Thursday afternoon despite harried last-minute lobbying from top Fed officials and the surprise opposition of Chairman Barney Frank (D-Mass.), who had previously been a supporter. The measure, cosponsored...
By now we all know the story. Mel Watt introduced an amendment on the big financial regulatory reform bill that “gutted” Ron Paul’s HR.1207 Fed audit bill. Today, Ron Paul introduced a substitute amendment to that amendment that puts the “guts” back in to the audit. Effectively, Paul’s amendment is HR.1207 with a bit more [...]
Ron Paul introduced a substitute amendment to replace Mel Watt’s amendment that would have “gutted” HR.1207’s intent. Dr. Paul’s substitute was later passed by the committee over the ‘nay’ votes of both Barney Frank and Mel Watt. It was passed by voice vote. The roll call vote is scheduled for this afternoon. This was an important [...]
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…
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