Video - Dennis Kucinich on Ron Paul and H.R. 459 - June 27, 2012
Runs 2 minutes. Click here for story background. This is one of only 2 clips out there from yesterday's hearing. Still nothing on youtube from the Paul camp.
Kucinich:
“Today, as this nation continues to deal with the effects of the worst financial crisis since the Great Depression, we know for a fact that trillions were created by the Fed during the financial crisis, largely for the benefit of the biggest financial institutions, which brought us to crisis in the first place. Yet the Fed’s monetary policy operations remain largely exempt from scrutiny,” Kucinich said in a statement Wednesday.
“When Congress created the Fed in 1913, Congress delegated specific tasks to it, and Congress remains constitutionally-obligated to conduct oversight over the Fed as a result. The Fed should not be permitted to operate in the dark without oversight by Congress and accountability to the people.”
He added: “I also want to go on the record thanking Representative Ron Paul for his work on the larger issue here with respect to the Federal Reserve. We wouldn’t be at this moment except for his diligence. I was proud to work with him in the early stages of this bill.”
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June 27: MSNBC reports on the Massachusetts Republican Party making delegates take an oath to vote for Mitt Romney - an effort to purge their ranks of infiltrating Ron Paul supporters.