Old Project Avalon Forum (ARCHIVE) - View Single Post - HR 1207 UPDATES "The Federal Reserve Transparency Act"

peaceandlove · 06-19-2009, 01:02 PM

Pelosi, 1207, and Fed Secrecy

Posted by Matt Hawes on 06/18/09 7:21 PM

In his latest piece, The Huffington Post's Ryan Grim again covers HR 1207 and reports on recent statements on Fed transparency by House Speaker Pelosi:

The Ron Paul-sponsored bill to audit the Fed picked up another dozen cosponsors over the last several days, with Rep. Louis Slaughter (D-N.Y.), chair of the Rules Committee, marking the 234th signer -- 16 more than needed for passage -- and the 67th Democrat.

House Speaker Nancy Pelosi (D-Calif.) reflected on the growing anxiety people feel about the Fed at her weekly news conference Thursday....

"Many of us were, shall we say, if not surprised, taken aback when the Fed had $80 billion to invest -- to put into AIG just out of the blue. All of a sudden we wake up one morning and AIG has received $80 billion from the Fed," she said. "So of course we're saying, Where's this money come from? 'Oh, we have it. And not only that, we have more.'...

Pelosi, while sympathetic to Paul's bill, added that she wasn't familiar with the details. Paul said he'd take care of that.

"I might catch her up to date," said Paul, smiling and heading back on to the House floor to look for the speaker.

Continues: http://www.campaignforliberty.com/blog.php?view=20254

For Real Change, Let's Try a True Free Market

Posted by Matt Hawes on 06/18/09 8:18 PM

Having practiced medicine for over 30 years, Congressman Paul gives his perspective on the past and future of healthcare in this country, and the effects of government and special interests on quality, costs, and access.

Video (7:41): http://www.campaignforliberty.com/blog.php?view=20259

Lead Story on Politico.com: "Hill Wants Reins on Fed"

Posted by Matt Hawes on 06/19/09

Glenn Thrush and John Bresnahan report:

"If you think about the power that the Federal Reserve has at this particular moment in history, it's incredible," said Rep. Tammy Baldwin (D-Wis.).

Baldwin is a bellwether, one of 66 Democrats - and 232 members overall - to co-sponsor a bill mandating audits of the Federal Reserve System for the first time in its nearly 100-year history....The bill has succeeded in melding the extreme margins of both parties as few proposals have - uniting anti-Big Government Republicans like Paul with anti-Big Business Democrats like Reps. Lynn Woolsey of California and Dennis Kucinich of Ohio....

Continues: http://www.campaignforliberty.com/bl...cpg=1#comments

06-19-2009, 01:02 PM	#73
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: HR 1207 INTRODUCED "The Federal Reserve Transparency Act" Pelosi, 1207, and Fed Secrecy Posted by Matt Hawes on 06/18/09 7:21 PM In his latest piece, The Huffington Post's Ryan Grim again covers HR 1207 and reports on recent statements on Fed transparency by House Speaker Pelosi: The Ron Paul-sponsored bill to audit the Fed picked up another dozen cosponsors over the last several days, with Rep. Louis Slaughter (D-N.Y.), chair of the Rules Committee, marking the 234th signer -- 16 more than needed for passage -- and the 67th Democrat. House Speaker Nancy Pelosi (D-Calif.) reflected on the growing anxiety people feel about the Fed at her weekly news conference Thursday.... "Many of us were, shall we say, if not surprised, taken aback when the Fed had $80 billion to invest -- to put into AIG just out of the blue. All of a sudden we wake up one morning and AIG has received $80 billion from the Fed," she said. "So of course we're saying, Where's this money come from? 'Oh, we have it. And not only that, we have more.'... Pelosi, while sympathetic to Paul's bill, added that she wasn't familiar with the details. Paul said he'd take care of that. "I might catch her up to date," said Paul, smiling and heading back on to the House floor to look for the speaker. Continues: http://www.campaignforliberty.com/blog.php?view=20254 For Real Change, Let's Try a True Free Market Posted by Matt Hawes on 06/18/09 8:18 PM Having practiced medicine for over 30 years, Congressman Paul gives his perspective on the past and future of healthcare in this country, and the effects of government and special interests on quality, costs, and access. Video (7:41): http://www.campaignforliberty.com/blog.php?view=20259 Lead Story on Politico.com: "Hill Wants Reins on Fed" Posted by Matt Hawes on 06/19/09 Glenn Thrush and John Bresnahan report: "If you think about the power that the Federal Reserve has at this particular moment in history, it's incredible," said Rep. Tammy Baldwin (D-Wis.). Baldwin is a bellwether, one of 66 Democrats - and 232 members overall - to co-sponsor a bill mandating audits of the Federal Reserve System for the first time in its nearly 100-year history....The bill has succeeded in melding the extreme margins of both parties as few proposals have - uniting anti-Big Government Republicans like Paul with anti-Big Business Democrats like Reps. Lynn Woolsey of California and Dennis Kucinich of Ohio.... Continues: http://www.campaignforliberty.com/bl...cpg=1#comments Last edited by peaceandlove; 06-19-2009 at 01:06 PM.