"Federal Reserve Audit Bill Overwhelmingly Passes The House"

[newworldafro]

http://www.abovetopsecret.com/forum/95/pg1/srtpages

Federal Reserve Audit Bill Overwhelmingly Passes The House

Federal Reserve Audit Bill Overwhelmingly Passes The House

Posted: 07/25/2012 2:59 pm Updated: 07/26/2012 5:51 pm

Jennifer Bendery

WASHINGTON -- In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve.

The bill (H.R. 459), which has 270 co-sponsors, passed 327 to 98. All but one Republican -- Rep. Bob Turner of New York -- voted for it, along with 89 Democrats.

Paul teamed up with former Rep. Alan Grayson (D-Fla.) in 2010 to pass similar legislation that became part of the final Wall Street reform bill. But Paul has said new audit legislation is needed because the 2010 bill didn't go far enough. Specifically, he states on his website that the audit called for in the 2010 bill only focused on emergency credit programs and procedural issues, rather than on the substantive details of the lending transactions. The 2012 bill doesn't limit the focus of the audit.

Fed Chairman Ben Bernanke recently told the House Financial Services Committee that he agrees with the "basic premise" that the Fed should be transparent, but raised concerns that Paul's bill doesn't exempt monetary policy and deliberations from its reach.

Not including an exemption on this point could create "a political dampening effect on the Federal Reserve's policy decisions," Bernanke warned.

But Rep. Dennis Kucinich (D-Ohio) pointed out that the House vote on the bill comes on the same day that the Washington Post reported that the New York Fed "did not communicate in key meetings with top regulators that British bank Barclays had admitted to Fed staffers that it was rigging LIBOR,” the index which sets interest rates worldwide.

"The Fed creates trillions of dollars out of nothing and gives it to banks. Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark," Kucinich shouted on the House floor, just before the vote.

"It is time for us to bring the Fed into the sunshine of accountability," he said.

Despite the broad support in the House, a senior Senate Democratic aide signaled the bill isn't likely to go anywhere in that chamber in the near future.

"Not this work period," the aide said about the Senate acting on the bill ahead of the month-long August recess. "Don’t know about September, but I doubt it."

Another top Senate Democratic aide concurred that the bill likely won't go anywhere, but speculated it could resurface in a different form.

"We probably won’t bring it up," said the aide, adding that Paul's son, Sen. Rand Paul (R-Ky.), "will probably start insisting on this as an amendment to everything under the sun, so it's possible it comes up for an amendment vote at some point."

"It would not be the craziest amendment we've voted on," the aide said.

 

[OsO]

the govt will never audit the fed. period. the end.


yall nagas betta stop thinkin the govt and the fed give a fukk about you, when they ova here robbin yo ass BLIND

 

[Mowgli]

the govt will never audit the fed. period. the end.


yall nagas betta stop thinkin the govt and the fed give a fukk about you, when they ova here robbin yo ass BLIND

The families are weakening. Now is the time to audit.

 

[Leasy]

The families are weakening. Now is the time to audit.

Why you think they have America scrambling in the middle east and China coast. They know its coming to an end. The countries that they abused and exploited are now on the rise without their influence or interference. Beautiful.

 

[newworldafro]

Senate probably ain't going to do it though.................if they did, that would be surprising as fuucck....

 

[Leasy]

Senate probably ain't going to do it though.................if they did, that would be surprising as fuucck....

Look at this ....

Abe Lincoln
Andrew Jackson
JFK .
Thomas Jefferson

What does all those presidents have in common......

They spoke out against Central Banking system . Two were killed one near killed and one hated by his peers.

 

[OsO]

The families are weakening. Now is the time to audit.

audit for what though? to find out the vaults are empty and the fed been hustling and robbing us blind for a century? we already know that breh breh

edit: however, this is not common knowledge among the masses and unfortunately most people still view the federal reserve as a legit institution... so youre right an audit at this time would be a good thing cuz it would shine some leyet on the truth!

and maybe then these brainwashed nagas dependent on the beast's tit will wake the fukk up and realize who is their real friend and who is their real enemy.

 

[TLR Is Mental Poison]

I am pretty sure they audit the Fed every year

But its like a big wink wink nod nod audit, not the real deal

In any case audits are not the answer... and neither are vague "Fight the Power" platitudes ... we as a country need to take back control of our currency

 

[Colilluminati]

I read the title like


Then I thought about it

 

[Mowgli]

audit for what though? to find out the vaults are empty and the fed been hustling and robbing us blind for a century? we already know that breh breh

edit: however, this is not common knowledge among the masses and unfortunately most people still view the federal reserve as a legit institution... so youre right an audit at this time would be a good thing cuz it would shine some leyet on the truth!

and maybe then these brainwashed nagas dependent on the beast's tit will wake the fukk up and realize who is their real friend and who is their real enemy.

It begins the identification process of people who need to be identified. The youth will begin investigating who people are to unravel the mystery.

 

[OsO]

It begins the identification process of people who need to be identified. The youth will begin investigating who people are to unravel the mystery.

i agree

 

[newworldafro]

The Creature From Jekyll Island (by G. Edward Griffin)

 

[Schmoove]

Wake me up when the revolt begins.

 

[Orbital-Fetus]

how will this affect Polar Bears?

 

[thekingsmen]

the govt will never audit the fed. period. the end.


yall nagas betta stop thinkin the govt and the fed give a fukk about you, when they ova here robbin yo ass BLIND