Tuesday
May042010
Ron Paul & Alan Grayson With Dylan Ratigan: Audit The Freaking Fed (VIDEO)
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Video: Paul and Grayson discuss efforts to ensure a full audit of the Federal Reserve is included in any financial reform package -- May 3, 2010
The interview begins near the 4:50 mark. Ratigan does a thorough introduction and review of reform for the first 4 minutes. No miss.
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(Screenshot...only email & RSS subscribers should click photo)
May 4, 2010 at 6:03 PM
Reader Comments (11)
I am all for audit the Fed but Grayson is crazy. Grayson hasn't made a lot of friends even in his own sad party. I wouldn't even be surprised if Grayson is a plant to help control this audit the Fed effort. Doesn't Grayson have Obama's phone number. He should talk about how he has talked to Obama about this very important issue. Sorry, I smell a rat.
12 Republicans qualify to take on two congressional Democrats
May 01, 2010 By Mark K. Matthews, Orlando Sentinel Washington Bureau
WASHINGTON — After antagonizing Republicans for nearly two years, U.S. Rep. Alan Grayson, D-Orlando, has drawn seven GOP challengers in his bid to return to Congress for a second term.
I wish I lived in Florida to help vote him out. REALLY!
It isn't about principles and morality, it's about power and its current representative, money.
Grayson actually said, "we are seeing a vast transfer of wealth from the taxpayer to private interests."
I'm sorry, but the government is not a private interest. Pepsi-Cola is a private interest.
I like what Grayson says most of the time, but I didn't like that. I repeat, government is not private interest.
But its an understandable mistake. After all, the Fed is not the Federal Government. No wonder people, even Congressmen, are confused.
Ron Paul is a realist and is intelligent, as usual, because he has been thinking "outside the box" for so long. I liked his observation that all the economists who foresaw the financial meltdown, are not consulted. Par for the course, to quote Tiger Woods. Par for the course.
If you want to remain confused about the present, keep all those history books closed.
The past is prologue.
He's probably talking about the massive transfers of taxpayer money to Fannie, Freddie and the Fed, all of which seem to be government institutions but aren't.
But after all, when far more people can name the three stooges than can name only three of the justices on the Supreme Court, how can you expect them to know that the Fed, etc. are not the Fed, etc?
And what does that say for democracy?
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James, he meant Wall Street banks and other banks around the world that benefitted from the fed's actions on dollar liquidity.....fannie & freddie perhaps as well...but it's one of his recurring themes...the transfer from taxpayers to banks...
I think you should make it a point to watvh the votes on these amendnemts.
I probably need a vacation but I'm afraid when I get back from my vacation the country will be gone.
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That's a hell of a line...should be the title of a post...
According to our sources on the Hill, Senator Bernie Sanders caved to pressure from the White House and Chris Dodd and stripped out the Paul-Grayson language from his Fed transparency amendment.
What Sanders is now proposing is essentially the Watt amendment we all opposed last year in the House. In addition, it supports just a one-time audit.
Talking Points Memo reports that, “In order to allay some of the White House's and the Fed's concerns, Sanders has agreed to limit the scope of what the Government Accountability Office would be allowed to audit--but his plan will still require thorough review of all the Fed's emergency lending, beginning December 1, 2007.”
My guess is that a whole bunch of stuff gets lumped under "monetary policy" that isn't monetary policy at all. I'm guessing anything to do with MBS purchases will be considered "monetary policy."
This stinks to high heaven. I'm just not sure what the details will turn out to be.