Audit The Fed Hearing Today - H.R. 1207 (Congress, financial, money)

[Pressing-On]

Thomas E. Wood Author, historian, and economist will be testifying in support of HR.1207 to audit the Federal Reserve. Read his testimony:

http://www.house.gov/apps/list/hearing/financialsvcs_dem/woods_testimony.pdf (broken link)

Federal Reserve General Counsel Scott G. Alvarez will be testifying against the bill. Read his testimony:

http://www.house.gov/apps/list/hearing/financialsvcs_dem/alvarez_testimony.pdf (broken link)

If you would prefer to watch as it unfolds, here is the Streamlining link - 9am Eastern:

House Financial Services Committee (http://www.house.gov/apps/list/hearing/financialsvcs_dem/fchr_092509.shtml - broken link)

[irspow]

Do you think the Morgans and Rothschilds of the world would ever let this pass if it actually had any teeth? But thanks for the heads-up. Watching now.

[Pressing-On]

Originally Posted by irspow

Do you think the Morgans and Rothschilds of the world would ever let this pass if it actually had any teeth? But thanks for the heads-up. Watching now.

Thanks, unfortunately, I have to leave and won't get to watch it, but I did want to give a heads up - it can only be interesting.

[TnHilltopper]

Originally Posted by Pressing-On

Thanks, unfortunately, I have to leave and won't get to watch it, but I did want to give a heads up - it can only be interesting.

Sent another letter urging my Congressman to support HR1207 on Monday.

[Pressing-On]

Originally Posted by TnHilltopper

Sent another letter urging my Congressman to support HR1207 on Monday.

Good for you!!!!

[camping!]

I fully support auditing the fed --- but am I the only one afraid of what we will find out?

[Jadex]

I support this but doubt it will happen washington is to corrupt

Let us find out where our money is actually going pfft

[Pressing-On]

Originally Posted by camping!

I fully support auditing the fed --- but am I the only one afraid of what we will find out?

Totally afraid of what we will find!

[Pressing-On]

Pretty intense! LOL!


YouTube - Alan Grayson HR1207 hearing "Has the Federal Reserve Ever Tried to Manipulate the Stock Market "

[TnHilltopper]

Wow, that is pretty intense!

'Audit the Federal Reserve' bill gains steam
'Audit the Federal Reserve' bill gains steam -- latimes.com

The support of Rep. Barney Frank (D-Mass.) gives a major boost to Paul's 26-year push to allow the Government Accountability Office to conduct detailed audits of some of the Fed's crucial activities, such as setting monetary policy and short-term lending to banks through its discount window.

Both actions are couched in various amounts of secrecy: minutes of monetary policy meetings aren't publicly released for three weeks, transcripts are shielded for five years, and banks that borrow through the discount window are never revealed to avoid the perception that they might be in trouble. Federal Reserve officials oppose the legislation, but Frank said he was committed to including it as part of a package of bills to revamp the financial regulatory system.