Ron Paul Questions Vice-Chair Kohn On Fed Transparency (Clip)

     

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This is an outstanding clip from today's hearing (6:41).  The Fed stooge in the hotseat is Vice-Chairman Donald Kohn.  He makes the failed case for continued Fed secrecy.  It's worthwhile to hear his arguments.

Comments

[gobias bluth]

The Federal Reserve failed just like the big banks and big auto. Obama and the Democrats thought it was a great idea that new management take over. Why is it a great solution for GM but not even up for debate for the Fed? This is just a show trial that is not meant to reach any conclusions. Why is Congress pleading its case to the Federal Reserve? Shouldn’t it be the Federal Reserve pleading its case to Congress (that one is rhetorical). Oh, I keep forgetting, he who has the gold makes the rules. The Democrats almost gave birth to a small cow when Cheney was being too secretive. So it is okay for the Federal Reserve but not for the elected President and Vice President. Where oh where does the buck stop? Again, this is all one big joke on you and me, if McCain was President and the Republicans had a majority, the Democrats would be pushing for the audit and the Republicans would be denying them. Bernanke is the evil reincarnation of Paul Warburg, man do those two look alike. If you don’t know what Paul Warburg looks like or who he is, google it or, as the cool kids are saying, bing it.

[DailyBail]

Excellent post Gobias.

"Again, this is all one big joke on you and me, if McCain was President and the Republicans had a majority, the Democrats would be pushing for the audit and the Republicans would be denying them. Bernanke is the evil reincarnation of Paul Warburg, man do those two look alike. If you don’t know what Paul Warburg looks like or who he is, google it or, as the cool kids are saying, bing it."

[Sonic Ninja Kitty]

"Transcripts"? Heck--how about live coverage of the meetings? This is OUR money. This is OUR country. I do not buy any of the 'maintaining independence' garbage.

Great stuff, Daily Bail. Sure beats Micheal Jackson and $6000 purse stories. This is one of the few websites with focus and integrity.

[DailyBail]

Thanks Sonic.

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