"an army of at least 307 House colleagues and 30 senators"
Yeah, nothing like being selfish and stalling important legislation we've needed for years. But they will line up for a crap care health tax.
"Panel sets fees for large firms; Bill requires audit of Federal Reserve" by Jim Kuhnhenn, Associated Press | November 20, 2009
WASHINGTON - Taking aim at Wall Street and the nation’s central bank, a key House committee voted yesterday to assess upfront fees on large financial firms to pay for the failure of their peers and to require a sweeping congressional audit of the secretive Federal Reserve.
Why such secrecy, MSM? Shouldn't you be digging in there?
The fact is, the Fed is no secret to the blogs.
They know what it is: a private banking consortium running the world through control of the money supply and debt-inducing schemes for governments and individuals -- with the side benefit of funding crippling wars that bankrupt and destroy nations.
The votes were the final brush strokes to the House Financial Services Committee’s response to last year’s banking meltdown.
Yup, BANKS got MONEY RIGHT AWAY! Doing something for the American people takes OVER a YEAR -- and is then BLOCKED!
In a surprise, however, committee chairman Barney Frank, a Massachusetts Democrat, delayed final action on the long-awaited regulatory overhaul bill until after Thanksgiving. Frank said members of the Congressional Black Caucus requested the delay because they were “troubled by a lack of response to the economic situation.’’
What, ALL OF A SUDDEN NOW they are troubled??
The votes on fees and on the Fed audit came despite objections from the Obama administration.
Yeah, well, we know who he is working for. That's why I'm not spending a lot of time on him these days. So that's why his Congressional buddies blocked the bill in this game of s*** political fooleys, huh?
They illustrated the strong sentiment in Congress to curb the central bank’s power and assure voters that taxpayers won’t be on the hook for future Wall Street failures. If Frank can win final passage in his committee in two weeks, the House could vote on the full overhaul next month.
Somehow I think the audit is never going to survive the process.
See: Fed Uses Frank to F*** America
And here we are: roadblock!
The Senate Banking Committee began its own rewrite of the rules that govern Wall Street yesterday, but its top Republican panned the bill proposed by its chairman, Christopher Dodd, a Democrat of Connecticut....
Yeah, Dodd will lose election next year -- and Zionist Joe will become senior senator from Connecticut and have his pick of committee chairmanships -- maybe as a REPUBLICAN, huh?
Treasury Secretary Timothy Geithner has said, an established bailout fund might encourage firms to take more risks, knowing their losses would be covered....
This is the SAME LYING S***TER who is administering TRILLIONS in BAILOUTS, right?
Also see: Geithner Thanks Goldmans For Buffett
What a WEASEL!!!!!!!
On auditing the Fed, the committee adopted a plan by Representative Ron Paul, a Texas Republican who ran for president last year, that would give the Government Accountability Office the authority to audit the entirety of the Fed’s balance sheet.
Oh, THAT IS WHY FORCES were MOBILIZED to BLOCK!
Didn't you SEE?
Obama doesn't want an audit, so his friends in Congress block it over blah, blah that they can HAVE ADDRESSED in a SEPARATE BILL -- like the second stimulus they are cooking up!
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Here is an update that made the web or something.
I can't even keep track of the BG game-playing anymore.
No, that did not make my printed paper; I just checked.
WASHINGTON - Growing discontent over the economy and frustration with efforts to speed its recovery boiled over yesterday on Capitol Hill in a wave of criticism and outright anger directed at the Obama administration.
Episodes in both houses of Congress exposed the raw nerves of lawmakers flooded with stories of unemployment and economic hardship back home. They also underscored the stiff headwinds that the administration faces as it pushes to enact sweeping changes to the financial regulatory system while also trying to create jobs for ordinary Americans.
Yeah, the administration and government is working for you -- and if they were, you would NOT TILL BE WAITING after a YEAR, folks!!
BANKS DIDN'T HAVE TO WAIT!!!!!!!!!!!
President Obama’s allies in the Black Congressional Caucus, exasperated by the administration’s handling of the economy, unexpectedly blocked one of his top priorities, using a legislative maneuver to postpone the approval of financial reform legislation by a key House committee.
Well, NO SO UNEXPECTED when one LOOKS at the OVERALL!!! They sat up and noticed that this MIGHT PASS and MADE CALLS to STOP IT!
Two buildings away, at a session of the Joint Economic Committee, Republicans escalated their attacks on Treasury Secretary Timothy Geithner, including a call for his resignation.
“Conservatives agree that as point person, you failed. Liberals are growing in that consensus as well,’’ said Representative Kevin Brady, a Texas Republican. “For the sake of our jobs, will you step down from your post?’’
He's WORRIED ABOUT HIS JOB, huh? Awwwwwwww!!!
I say TURN THEM ALL OUT!!!!!!!!!
It is NOT ABOUT PARTY anymore, it is ABOUT INCUMBENCY and the ROT of the SYSTEM!!!
"The Five Boxes of Liberty
- The Moving Box—right of association, in particular territorially via migration
- The Soap Box—right of free speech
- The Ballot Box—right to a voice in your government
- The Jury Box—right to a trial by jury of your peers
- The Ammunition Box—right to threaten or use appropriate violence in self-defense
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WHY CAN'T YOU HEAR US, "elected" officials?
You EARS STUFFED with CAMPAIGN and LOBBYING LOOT?
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Perhaps most troubling for the administration was that one of the few measures to succeed yesterday was an amendment by Representative Ron Paul, a Republican from Texas who ran for president last year. That amendment, which won bipartisan support in the House Financial Services Committee despite the reservations of administration officials, would subject the Federal Reserve to unprecedented scrutiny.
And the FED THREATENS to WRECK the ECONOMY if this goes much further!
It would allow the Government Accountability Office to audit all of the Fed’s operations, including its decisions on interest rates and its transactions with foreign central banks.
The FED SHOULDN'T EVEN EXIST!
The CONSTITUTION puts the POWER of COIN in CONGRESS' HANDS!
Section 8 - Powers of Congress: "To coin Money [and ] regulate the Value thereof"
That means CONGRESS, NOT the PRIVATE CONGLOMERATE of BANKS that is the FED!!!!
Paul and allies in both parties - more than 300 members of Congress have endorsed the amendment.... The House Financial Services Committee had been set to vote to send the final piece of its financial regulatory overhaul package to the House floor after months of debate.
But BANKS and WAR GET FUNDED RIGHT AWAY!
That is, until the committee’s chairman, Representative Barney Frank, a Democrat from Massachusetts, told a shocked committee room that passage of the bill would be delayed until Dec. 1 because the Congressional Black Caucus wanted the administration to do more to help African-American communities suffering in the economic decline....
Related: Barney Frank Stabs Ron Paul in the Back
And the more I find out about Barney Frank, the more I find what a lying, degenerate scum is he.
Frank said the caucus had concerns about whether minorities were being fairly represented in helping carry out efforts to resolve the financial crisis. The government has contracted out much of the work to Wall Street firms. “You’re talking about people whose constituents have been badly hammered by this,’’ Frank said. “Given the nature of this recession, there needs to be some more conversations.’’
NOW?! As the AUDIT is READY TO PASS?
You have had OVER A YEAR to BEEF and NOW THEY PIPE UP?
Congressional aides said the caucus’s concerns are similar to those of the Democratic Party’s liberal wing.
Pffft!
SINCE WHEN has the DEMOCRAP LEADERSHIP ever listened to LIBERALS?!!
Been FOLLOWING HEALTH CARE LATELY?
Meanwhile, Geithner was taking a beating....
Remember in the movies where the slave-hand would whip the shadow on the wall?
Geithner lashed back. Republicans “gave this president an economy falling off the cliff,’’ he told Brady. “I can’t take responsibility for the legacy of crises you bequeathed the country.’’
Umm, YOU WERE HEAD of the NY FED at the time, RIGHT, leech?
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More HOT FART MIST and BLUSTER!
"Congress focuses its anger on Fed" by Tom Raum, Associated Press | November 23, 2009
WASHINGTON - Suddenly, the Federal Reserve is everybody’s punching bag.
Awwww. the POOR FED, huh?
When the article starts like this.....
Strip the Fed of its bank regulation powers, some in Congress are demanding. Get probing audits of its behind-the-scenes operations, others say. The chairman of the Federal Reserve Board is always fair game for criticism and second-guessing, usually over interest rate actions. But this year the criticism is much broader, as Congress responds to widespread public anger that the Fed bailed out Wall Street but not ordinary Americans, and with unemployment in double digits.
Former Fed chairman William McChesney Martin Jr. famously said that the central bank’s job was to yank away the punchbowl just when everybody is starting to party.
Yeah, AFTER THEY SUCKED the BOWL DRY!!!!!!!!!
And although the current chairman, Ben Bernanke, has signaled that the Fed will keep interest rates low for now, a round of higher rates inevitably will come. The Fed finds itself both the punchbowl keeper and the punching bag.
Would you LIKE to have a BEER with them, America?
Isn't that the TONE of this piece?
Imagine the outcry when it does begin to crank up rates, perhaps just ahead of the midterm elections next year....
Well, they JUST TOLD YOU that INTEREST RATES will be GOING UP!
Say GOODBYE to YOUR DOLLAR'S PURCHASING POWER, America!!!!
That is the FED'S THREAT right there!!!!!
Many economists and Fed watchers say congressional efforts to rein in the Fed’s powers could interfere with the central bank’s ability to help guide the fragile economy to recovery.
Oh, is that what they have been doing? Coulda fooled us!
The Fed’s very independence and its unique ability among US institutions to create money out of thin air enabled it to act quickly to stabilize the financial system when it froze in September....
Yup, YOUR RECOVERY is built on WORTHLESS HOT AIR, America!!!!
“It might have been the Fed’s finest moment when it had to jump into the market,’’ said David M. Jones, a former Federal Reserve economist. “We still have to wait to see how effective the Fed is in its exit strategy and whether it can keep inflation in check. But this badgering by Congress, even if there is populist sentiment, is inappropriate.’’
I can't read this sickening s*** anymore.
The Fed’s aggressive intervention also set the stage for the current criticism. Many lawmakers question whether the Fed’s money machine has mainly benefited the financial markets, and not the broader economy....
Bernanke, appointed by President George W. Bush, has worked closely with the current Treasury secretary, Timothy Geithner, and Bush’s Treasury secretary, Henry Paulson, to confront the worst financial crisis in decades. Geithner also has gotten his share of congressional wrath, mainly for his administering of the $700 billion bank bailout.
Yeah, they are ALL FROM the SAME PLACE, idiot Amurkns!!!
The D and the R by the name mean NOTHING!!!!
“In the past, the Federal Reserve was held in very high esteem,’’ said Representative Ron Paul, a Republican from Texas who twice ran quixotic presidential campaigns and remains a darling of skeptics of Washington. Now, it’s “the source of our problem,’’ suggests Paul, author of the bestseller “End the Fed.’’
I, for one, am TIRED of the INFERRED INSULTS, elite s***-bags!!!!
Quixotic: "Idealistic, unrealistic, impractical."
NO BIAS THERE!
Usually an outlier, Paul suddenly has found an army of at least 307 House colleagues and 30 senators marching behind his proposal to subject the Fed to intense scrutiny by Congress’s Government Accountability Office. The House Financial Services Committee endorsed Paul’s approach, 43-26, last week over objections from its chairman, Representative Barney Frank, a Massachusetts Democrat.
Yup, GOOD OLD BARNEY TWO-FACE!
The bill would authorize Congress to audit not only the Fed’s lending programs but its basic decisions to set monetary policy. Paul has been introducing a version every year since the early 1980s, but this is the first time it has garnered serious attention.
Yeah, NO ONE WANTED TO LISTEN before!!!!
Do I ever know that feeling!
Senate Banking Committee chairman Chris Dodd, a Connecticut Democrat, who will preside over Bernanke’s confirmation hearings, has proposed stripping the Fed of its bank regulation authority and giving the Senate a role in selecting the 12 regional Federal Reserve bank presidents. Dodd says his measure would return the Fed to its core mission of setting monetary policy....
You really don't want reelection, do you, Chris?
Or is this just show for the masses, knowing nothing will be done?
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