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Author Topic: Ron Pauls bill to Audit the Federal Reserve gutted by house committee  (Read 1580 times)
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WhiskeyGirl
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« on: October 30, 2009, 09:37:36 PM »

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The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”


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Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.


http://www.bloomberg.com/apps/news?pid=20601103&sid=atc2o1ijLRno

What are they hiding?
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WhiskeyGirl
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« Reply #1 on: October 30, 2009, 09:54:07 PM »

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The US Treasury has accounts with the Fed that allow for the Treasury to funnel money to Wall Street, and other entities without congressional approval or oversight. Remember, Chairman Bernanke told Congress to go pound sand and didn’t answer their questions. The General Accounting Office (GAO) should be able to audit the Fed. If any other agency were to use taxpayer funds in this manner, they would be considered a rogue agency and be held accountable for their actions. Audit the Fed.

There are over three hundred and seven co-sponsors of this bill, many of them on the House Finance Committee. The chairman of the House Finance Committee, Barney Frank is sitting on the bill (no pun intended….okay there was). Barney Frank is an arrogant, elitist, who delights in his position of power and will not hold hearings on a bill that is co-sponsored by well over half of the House of Representatives. Barney Frank will not hear petitions to have the bill released from committee, to the House floor. Barney Frank is the one person who stands in the way of this bill being voted on. Barney Frank has backed himself into a corner, sitting on a bill, that most of the House and most of America want voted on. Contact Barney Frank and demand that we audit the Fed.

Barney Franks obstructionism is a sign of the backdoor dealings that go on in our capitol, a sign of the corruption that Barney says is behind him, a sign of the blatant anal retentiveness that has earned Barney the reputation he has, that of being a proctologists dream, a complete A-Hole. Demand that Barney Frank get off of his posterior, stop sitting on the bill, and allow it to be heard, on its merits.
Red more here – http://www.thecypresstimes.com/article/Columnists/Bill_Turner/THE_FED/25504

Instead of allowing the bill as it, for some reason it was gutted.

Why can’t the American people know the truth of what goes on at the Federal Reserve?  Who really profits and manages the money?  What kind of wheeling and dealing goes on?

Why does Washington seem to work against the American taxpayer?
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All my posts are just my humble opinions.  Please take with a grain of salt.  Smile

It doesn't do any good to hate anyone,
they'll end up in your family anyway...
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