-Tube- Ron Paul : The Fed’s Interesting Week 8/31
Aug/090
Read it here: http://www.dailypaul.com/…
WSJ: What Fed-Audit Legislation Would Mean
Aug/090
WSJ: What Fed-Audit Legislation Would Mean
Overturning current limits on government audits of the Federal Reserve has become a key goal of the central bank’s critics inside and outside Congress.
House lawmakers are expected to seek a comprehensive audit of the Federal Reserve system by the Government Accountability Office, the investigative arm of Congress, as part of a broader overhaul of financial regulation this fall. But the precise scope of such an audit remains undetermined.
The move follows a proposal by Rep. Ron Paul (R., Texas), endorsed by two-thirds of the House, that would require the GAO to conduct an audit by the end of 2010. It would override—for at least that period—a law that shields the Fed’s monetary-policy decisions from GAO inquiries.
Rep. Barney Frank, chairman of the House Financial Services Committee, is in talks with Mr. Paul on the details of the bill, and has said he expects some version to pass the House this fall. But Mr. Frank said he would ensure the Fed’s independence in setting interest rates and other aspects of monetary policy.
More at: http://online.wsj.com/art…
WSJ: What Fed-Audit Legislation Would Mean
Aug/090
WSJ: What Fed-Audit Legislation Would Mean
Overturning current limits on government audits of the Federal Reserve has become a key goal of the central bank’s critics inside and outside Congress.
House lawmakers are expected to seek a comprehensive audit of the Federal Reserve system by the Government Accountability Office, the investigative arm of Congress, as part of a broader overhaul of financial regulation this fall. But the precise scope of such an audit remains undetermined.
The move follows a proposal by Rep. Ron Paul (R., Texas), endorsed by two-thirds of the House, that would require the GAO to conduct an audit by the end of 2010. It would override—for at least that period—a law that shields the Fed’s monetary-policy decisions from GAO inquiries.
Rep. Barney Frank, chairman of the House Financial Services Committee, is in talks with Mr. Paul on the details of the bill, and has said he expects some version to pass the House this fall. But Mr. Frank said he would ensure the Fed’s independence in setting interest rates and other aspects of monetary policy.
More at: http://online.wsj.com/art…
Rand Paul’s Clean Money Campaign
Aug/090
From RandPaul2010.com, by David Adams:
U.S. Senate candidate Rand Paul on Monday pledged not to accept campaign contributions from any U.S. Senator who voted for the bank bailout and challenged his opponents to follow suit.
Dr. Paul issued this challenge after learning that Trey Grayson has scheduled a Washington D.C. fundraiser co-sponsored by several U.S. Senators, seventeen of whom voted for the so-called TARP bailout in 2008, which was then used to fund an auto industry bailout Congress rejected.
“This isn’t about holding politicians to an impossibly high standard of agreeing with everything one’s supporters say or do,” Paul said. “But a primary focus of my campaign is that we need Republicans in office who will have the courage to say no to federal bailouts of big business.”
“There is nothing in the Constitution that allows the government to pick winners and losers in the private sector and the Republican party platform specifically condemns bailouts,” Paul said. “I’m running for the U.S. Senate to stand up for true Republican principles and the Republicans I’ve talked to agree that is what we need.”
Pledge your support for Rand on September 23
On September 23rd, twenty three Republican US Senators are holding a $500 per plate fundraiser in Washington DC for Trey Grayson – Rand Paul’s opponent. This deck stacking favoritism in a highly contested GOP primary is unacceptable!
Rand Paul’s Clean Money Campaign
Aug/090
From RandPaul2010.com, by David Adams:
U.S. Senate candidate Rand Paul on Monday pledged not to accept campaign contributions from any U.S. Senator who voted for the bank bailout and challenged his opponents to follow suit.
Dr. Paul issued this challenge after learning that Trey Grayson has scheduled a Washington D.C. fundraiser co-sponsored by several U.S. Senators, seventeen of whom voted for the so-called TARP bailout in 2008, which was then used to fund an auto industry bailout Congress rejected.
“This isn’t about holding politicians to an impossibly high standard of agreeing with everything one’s supporters say or do,” Paul said. “But a primary focus of my campaign is that we need Republicans in office who will have the courage to say no to federal bailouts of big business.”
“There is nothing in the Constitution that allows the government to pick winners and losers in the private sector and the Republican party platform specifically condemns bailouts,” Paul said. “I’m running for the U.S. Senate to stand up for true Republican principles and the Republicans I’ve talked to agree that is what we need.”
Pledge your support for Rand on September 23
On September 23rd, twenty three Republican US Senators are holding a $500 per plate fundraiser in Washington DC for Trey Grayson – Rand Paul’s opponent. This deck stacking favoritism in a highly contested GOP primary is unacceptable!
