Full transcript of Congressman Ron Paul’s speech below. [Read more…]
h/t ‘The Daily Bail‘
“The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.”
And if that’s not enough to convince you something is seriously wrong w/the Federal Reserve read Matt Taibbi’s article Real Housewives of Wall Street: Why is the Federal Reserve forking over $220 million in bailout money to the wives of two Morgan Stanley bigwigs?
Central bankers don’t want us to know what happened during 2008 bailouts
June 22, 2011
By Rep. Ron Paul – The Washington Times
Among the facts that the Federal Reserve would rather you didn’t know is that at the height of the financial turmoil in 2008, when average Americans were just beginning to suffer, the institution was passing out sweetheart deals to protect the powerful and well-connected. Among the beneficiaries were foreign banks, Wall Street giants and even the company that then owned MSNBC.
Recently, my House subcommittee on domestic monetary policy held a hearing to examine information disclosed by the Federal Reserve about its bailout lending during the 2008 financial crisis – disclosure that was required by the Dodd-Frank Act and the Freedom of Information Act. [Read more…]
Oh, and look up at the Daily Specials Chalkboard and read the article about McCaskill looks forward to the TSA “love pats”. This woman needs a really good mental health therapist. Obviously she is lacking in affection. [Read more…]