Ron Paul, Alan Grayson Ask Senate To Postpone Benanke Confirmation

[Trillo]

Reps. Ron Paul (R-Texas) and Alan Grayson (D-Fla.) have asked Senate Banking Committee Chairman Chris Dodd (D-Conn.) to postpone the confirmation of Ben Bernanke for a second term as chairman of the Federal Reserve.

Paul and Grayson want the Fed to open itself up to public scrutiny before the Senate confirms Bernanke.

original story via read more...

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Once again I'm reminded how we're all kept fighting here, must hate those damn pubbies, the wingers, yada yada, while in reality the left and the right sometimes work very well together.

[mikelgb]

1. nothing but support here, I didn't know Bernanke was not already confirmed

call your senators now.

Someone should be filibustering this fucker, I want 60 votes.

[Trillo]

3. That's a great idea! nt

[slipslidingaway]

2. knr - Grayson helped Paul tremendously by gathering support for

his bill to audit the Fed.

"Once again I'm reminded how we're all kept fighting here, must hate those damn pubbies, the wingers, yada yada, while in reality the left and the right sometimes work very well together."


Been saying that for awhile, if those in power can keep people divided it is a loss for the majority of people. We need more independent thinking on individual issues.

Remember strange bedfellows that joined together to fight the FISA bill?

Strange Bedfellows Unite to Fight FISA Deal
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=389&topic_id=3480169&mesg_id=3480169

[Trillo]

4. Audit the Fed now has 301 cosponsors

http://www.govtrack.us/congress/bill.xpd?bill=h111-1207

Audit the Fed or Federal Reserve Transparency Act of 2009 was referred to the House Committee on Financial Services, a group of 71 Representatives. There are some nice photos of the Committee members here:
http://www.govtrack.us/congress/committee.xpd?id=HSBA

Barney Frank is Chair, and Spencer Bachus is Ranking Member.

[slipslidingaway]

5. Great and here is the link to the Committee meeting held in September...

http://www.house.gov/apps/list/hearing/financialsvcs_dem/fchr_092509.shtml

Paul first introduced this bill in 1983.


Posted this in May, video and statement at link.

http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=385&topic_id=306359&mesg_id=306359


"February 26, 2009

Madame Speaker,

I rise to introduce the Federal Reserve Transparency Act. Throughout its nearly 100-year history, the Federal Reserve has presided over the near-complete destruction of the United States dollar. Since 1913 the dollar has lost over 95% of its purchasing power, aided and abetted by the Federal Reserve's loose monetary policy. How long will we as a Congress stand idly by while hard-working Americans see their savings eaten away by inflation? Only big-spending politicians and politically favored bankers benefit from inflation.

Serious discussion of proposals to oversee the Federal Reserve is long overdue. I have been a longtime proponent of more effective oversight and auditing of the Fed, but I was far from the first Congressman to advocate these types of proposals. Esteemed former members of the Banking Committee such as Chairmen Wright Patman and Henry B. Gonzales were outspoken critics of the Fed and its lack of transparency.

Since its inception, the Federal Reserve has always operated in the shadows, without sufficient scrutiny or oversight of its operations. While the conventional excuse is that this is intended to reduce the Fed's susceptibility to political pressures, the reality is that the Fed acts as a foil for the government. Whenever you question the Fed about the strength of the dollar, they will refer you to the Treasury, and vice versa. The Federal Reserve has, on the one hand, many of the privileges of government agencies, while retaining benefits of private organizations, such as being insulated from Freedom of Information Act requests.

The Federal Reserve can enter into agreements with foreign central banks and foreign governments, and the GAO is prohibited from auditing or even seeing these agreements..."

[Sebastian Doyle]

6. Uh oh... now the DLC'ers are going to start a bunch of Grayson bashing threads

How DARE he agree with Ron Paul on anything! :sarcasm:

[lib2DaBone]

7. YES.. Let's DO IT... the audacity of hope....

[mdmc]

8. --

[NoPasaran]

9. Ron Paul, the Audacity of Dope