"Ron Paul: Fed Needs to Clear the Air on its History"

[WhiskeyGirl]

The Federal Reserve may grow in power under the Senate's plans for financial reform, but Rep. Ron Paul (R-Texas) said on Washington Unplugged today that Congress has abdicated its oversight responsibilities, allowing the Fed to funnel money to whomever it pleases -- even possibly the Watergate burglars.

Schieffer asked Paul if it was irresponsible to propagate those allegations without further evidence, to which he said, "I think it's irresponsible to ignore what the Fed does in secrecy -- that's where the irresponsibility is... If there's the slightest chance, why don't we clear the air on this?"

"I think the irresponsibility falls on the Congress for ignoring the Fed," he added. "We're derelict in our duties. Congress has a cozy relationship with the Fed."

Think mortgage fraud, identity fraud, the casino remains open...

http://www.cbsnews.com/blogs/2010/03/03/politics/politicalhotsheet/entry6263310.shtml

How soon before the next $4 trillion Dodd/Corker bailout hits?  Next month?  Next quarter?

[WhiskeyGirl]

Audit, document, and abolish the Fed.  I've read this several times.

The income tax should be next in line.