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Posted on 10/31/2009 10:10:33 PM PDT by GoldStandard
Rep. Ron Paul, R-Texas, has complained that the bill he sponsored calling for an audit of the Federal Reserve has been "gutted" by congressional committee, pointing specifically to a legislator whose campaign coffers have been boosted by the banking industry.
As WND reported, Paul sponsored H.R. 1207, a bill requiring the Federal Reserve – an organization that's independent from the U.S. government but nonetheless oversees U.S. monetary policy – be opened to oversight by Congress. The plan compiled over 300 co-sponsors in the House before being sent to committee.
But in a telephone interview with a Bloomberg reporter, Paul said the teeth have been ripped out of the bill.
"There's nothing left; it's been gutted," Paul said. "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."
Paul told Bloomberg the bill has been stripped of provisions that closed loopholes protecting the Fed, including exemption from audits of transactions with foreign central banks and protected communications between the Board, reserve banks and staff.
Paul blamed the chairman of the House Financial Service Committee's panel on domestic monetary policy, Rep. Mel Watt, D-N.C., for eliminating "just about everything" in preparation for the bill's consideration on the floor of the House.
Watt, is has also been revealed, has significant connections to the banking industry.
(Excerpt) Read more at wnd.com ...
“....bill he sponsored calling for an audit of the Federal Reserve has been “gutted” by congressional committee, pointing specifically to a legislator whose campaign coffers have been boosted by the banking industry.”
Wow, what a total shocker. Corrupt roach like politicians doing everything they can do to block shining the light on these treasonous bastards at the Fed.
Ping
Just hope the anti Ron Paul nuts will give this bill a chance to pass because auditing the fed will be good for the nation.
Taxation of the people......... / ..........Representation* (of whomever pays the most, and it ain't "The People"!)
No, that's not how it goes....... It was Taxation something something......
More legislation!!!!!! The Republics not dead yet!!!!!!!
No kidding..actually, it’s about the only thing today I would gladly pay my taxes for. Bring these traitors to justice.
Those sons of b....
Did you think anything different was going to happen? They need the Federal Reserve to help out with their big government schemes.
It has to be time for a new American Revolution
Pull-quote of the day:
"Rep. Ron Paul, R-Texas, has complained that the bill he sponsored calling for an audit of the Federal Reserve has been 'gutted' by congressional committee, pointing specifically to a legislator whose campaign coffers have been boosted by the banking industry...Paul blamed the chairman of the House Financial Service Committee's panel on domestic monetary policy, Rep. Mel Watt, D-N.C., for eliminating 'just about everything' in preparation for the bill's consideration on the floor of the House...Watt, is has also been revealed, has significant connections to the banking industry."
~eh?
Who knew. LOL!! ;^)
Time to get the Tea Party movement to call a Constitutional Convention.
Tell him what you think of his gutting of Audit the Fed.
Hard as it may be, keep your temper in check lest you get written off as a crank -- or worse!
“Watt, is has also been revealed, has significant connections to the banking industry.”
My! How strange!!!
Strange indeed, deserving of a BIG *Shazam*!
And they call him what, a "Paultard"?? LOL!!!
Oh my goodness gracious me. :o)
In church an awful long time today, don'tcha think? Steph? It's too late for that. LOL!!
“In church an awful long time today, don’tcha think? Steph? It’s too late for that. LOL!! “
I spend about 4 hours in church on Sunday. My congregation is about 116 conservatives, and 4 moderate liberals. You can’t beat that for a spread ;-)
LOL
I know it's church & all but still, why would 4 enlightens stay among 116 Neanderthals given the odds. *I'd* be suspicious, steph. LOL
All 4 are schoolteachers. 2 voted for Obama, and both regret it ;-)
For a critter who claims to be a leader fighting against what some call “predatory” lending, one would think Watt might be a strong advocate supporting legislation to audit the fed.
Shockingly, apparently Congressman Watt is not what he pretends to be.
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