----- From: Scott Bergeson Subject: The Fed on the Defensive - Gary North
http://www.lewrockwell.com/north/north750.html The Fed on the Defensive by Gary North <[email protected]> I do not recall this in my lifetime. A majority in the House of Representatives has co-signed H.R. 1207, a bill introduced by Ron Paul to have the Federal Reserve System audited by an independent government agency, the Comptroller General's office. The bill has been bottled up in committee by Barney Frank, who has insisted that he is doing this in order to better coordinate consideration of the best way to gain greater transparency from the Federal Reserve. He has not said that he favours an independent audit of the FED. http://www.ronpaul.com/2009-06-17/barney-frank-on-hr-1207-ron-pauls-bill-to-audit-the-federal-reserve/ It would be easy for Congressman Frank to hold hearings on the bill. This would allow Dr. Paul to bring in expert witnesses on the FED to make the case for an independent audit. It would get a lot of YouTube play. It would be the first time since the replacement of eccentric Congressman Wright Patman in 1975 as the chairman of the House Banking Committee that the FED has been exposed to anything like serious criticism in Congress. (Patman, an inflationist and a greenbacker, hated the FED. He was chairman of the House Banking Committee, 1965- 75.) Congressman Frank has yet to announce hearings. There was a posting on the http://DailyPaul.com/ site that Frank will hold hearings soon. Someone heard it on the radio. I will believe it when I see the YouTube videos. continues here: http://www.lewrockwell.com/north/north750.html ==== Barney Frank Says House Will Pass HR1207 in October http://www.youtube.com/watch?v=J2DX9Iu4wNo http://www.youtube.com/watch?v=93UXR-kICY4 http://www.youtube.com/watch?v=HEmCiL28Wdw --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "ShadowGovernment" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/shadowgovernment -~----------~----~----~----~------~----~------~--~---
