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Barney Frank getting credit for auditing the Fed: Drudge

Submitted by monticello on Sun, 08/30/2009 - 16:56
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The spin this article takes is that Barney Frank has been the maverick in re: to the Fed and financial oversight. Either way, the more Frank gets thrown in the mix the better. We need him knee deep in this so he can really push this through with overwhelming numbers.

http://finance.yahoo.com/news/Rep-Frank-eyes-Fed-audit-rb-34...

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This is just a simple audit bill

Submitted by ditkuss on Sun, 08/30/2009 - 20:09.

Remember, HR 1207 is as simple as you can get at around 3 sentences long, and just a simple audit that obviously doesn't affect monetary policy. This isn't a radical, controversial change in policy, just a boring audit. Any attempt to water-down or amend the bill means they don't want an audit.

If Ron Paul signs off on the final version,

Submitted by McClarinJ on Sun, 08/30/2009 - 19:18.

I won't be too concerned.

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They're trying to co opt the movement.

Submitted by Calgary4Paul on Sun, 08/30/2009 - 18:21.

Barnie Frank from the left and Glenn Beck from the right. A tried and true strategy of the ruling classes through the ages.

Do not be fooled

Submitted by sharpsteve on Sun, 08/30/2009 - 18:09.

Frank said the audit and emergency lending provisions would be incorporated in broader legislation to revamp U.S. financial regulation that would likely pass the House in October. By seeking a compromise with Paul, Frank could strengthen the broader legislation's chance at passage.

By the time Barney and friends get done the Fed will have more powers and fake transparency.

Misinformation Alert: Barney Frank Never Said That HR 1207 Will Pass In October
http://www.dailypaul.com/node/104933
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Ron Paul is mentioned resepectfully

Submitted by The Granger on Sun, 08/30/2009 - 18:04.

I think this is a good article and may get more liberals on the audit the fed bandwagon.

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What did you expect?

Submitted by Jive_Dadson on Sun, 08/30/2009 - 18:00.

What did you expect?

Double think ++bad!!

Submitted by MEGAMERICAN on Sun, 08/30/2009 - 17:38.

The article first says that Frank wants to change some of the language of 1207 so it doesn't influence monetary policy.

A few paragraphs later it says that,

"Frank expressed unease at what he called the Fed's power to "lend money to anybody they want" in emergency circumstances. "We are going to curtail that lending power. We are going to put some restraints on it," he said."

The first half of the article makes 1207 look bad because it is going to influence what the FED does (which it doesn't), then later makes the "compromise" look good because it is going influence what the FED does.

My head is spinning. :\

doesn't he want to make

Submitted by brainon4u2 on Sun, 08/30/2009 - 18:02.

some "minor" changes and 'additions'????

Barney Frank,

Submitted by SirFelix on Sun, 08/30/2009 - 17:07.

is OWNED by the NWO.

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