1 vote

DIGG! Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says

!! DIGG IT !!

By Bob Ivry | Bloomberg

Oct. 30 (Bloomberg) -- Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”

The Fed, led by Chairman Ben S. Bernanke, has come under greater congressional scrutiny while attempting to end the financial crisis by bailing out financial firms and more than doubling its balance sheet to $2.16 trillion in the past year. The central bank is also buying $1.25 trillion of securities tied to home loans.

Paul, a member of the House Financial Services Committee, said Mel Watt, a Democrat from North Carolina, has eliminated “just about everything” while preparing the legislation for formal consideration. Watt is chairman of the panel’s domestic monetary policy and technology subcommittee.

Keith Kelly, a spokesman for Watt, declined to comment and said Watt wasn’t immediately available for an interview. Watt’s district includes Charlotte, headquarters of Bank of America Corp., the biggest U.S. lender.

Original Language

Paul said he intends to introduce an amendment to the bill when it comes to the House floor for a vote restoring the legislation’s original language.

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Thank God for Mel Watt

We will never get enough people out into the streets to overwhelm the Nazi's if we just have this petty pace destruction.

We need collapse and fast.

Otherwise the slumber will continue indefinately.

Ron Paul's effort have not been in vain. The documentary of this effort will haunt the masses when they wake up and realize their inextricible predicament.

"When people lose everything they lose it"
Gerald Celente

Read the bible. We win.

When the mob starts teaching the banksters to fly by throwing them off the Empire State building people will start to take their country back.
~~ ~~~ ~~~~ ~~~ ~>> "Is Anybody Out There?"
http://www.youtube.com/watch?v=fXaXV2OZmLw&eu

i just posted mel watt's deed

his name and face, and what he did on my facebook account.

Contact your Congressman!

Let them know how you feel about this.

Also make sure

that not one co-sponsor tries to take credit for voting for 1207 in it's gutted form. SOBs. Dr. Paul will likely be blocked with the amendment as well, if their stripping it now. Now, where's my pitchfork and torch....

For the record...

Mel Watt is the banksters' whore. Make damned sure this haunts him when he runs for re-election.

-jcr

"The problem with trying to child-proof the world, is that it makes people neglect the far more important task of world-proofing the child." -- Hugh Daniel

Call to arms,

If anyone here professes to be a member of the Campaign for Liberty, they must put unprecendented pressure on their representatives. 1207 has the power to free us from banker enslavement.

Pick your battles, and choose wisely.

WE CAN NOT LET RON PAUL DOWN !!!!

Well well

That wasn't very subtle.

America!

you have been stabbed in the back!
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

AGAIN:

But I didn't expect anything different.

~~~~~~~~~~~~~~~~~~~~~~~~~~
I love my country
I am appalled by my government

~~~~~~~~~~~~~~~~~~~~~~~~~~
I love my country
I am appalled by my government

F**&^%

What do we do now???

What protest action to take?

What can we do to undo this criminal crap?
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Self sufficiency

We have to withdraw from their world, one self-sufficient person at a time. The day will come when our way of living is obviously working better than theirs. Sort of like the Amish look now... If SHTF, we will all be wishing we were raised Amish!
The Chicken Coop (the "P" is silent.)
Ain't no rebels around here, just us chickens...

Truth exists, and it deserves to be cherished.

Read the comments below.

Read the comments below.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Thanks patriot

yes - Start writing, calling, and leaving messages now for House Reps, demanding that they vote to re-instate the original language. Until instructed otherwise by Dr. Paul, we need to stay on their case 24/7.

- agreed.....I am just so upset now - all the work by so many people and one guy a corrupt piece of...
___________________
"a half truth is a full lie" old Jewish saying quoted by Gary Null
exposing big pharma and their deadly vaccines
http://www.youtube.com/watch?v=gavenB_AJ9A

LL on Twitter: http://twitter.com/LibertyPoet
sometimes LL can suck & sometimes LL rocks!
http://www.dailypaul.com/203008/south-carolina-battle-of-cow...
Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

ARghhhh!!!

http://www.youtube.com/watch?v=9H7vxtJJ278

******************
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

The snarky one

Hey wait a minute. This is the same snarky guy who was the lone nay-sayer at the committee hearing. How did HE get the job of eviscerating the bill?

Three of his top four contributors are Bank of America, Wachovia Corporation and the American Bankers Association. He is bought and paid for. Leave him be for now. We can do everything within our power to get him voted out in 2010. Right now is the time for damage control. We must work to see that Dr. Paul's amendment to re-instate the original language passes.

Get on those phones and faxes to the House Reps.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Traitors to America!!!

Yes, he is not the only one. I am sure some of those 308 co-sponsors are breathing a sigh of relief at being let off the hook by the "Honorable" scumbag from North Carolina, Mel Watt.

When Dr. Paul submits his amendment to restore the original language anybody who votes "No" will also be exposed for what they are; traitors to America and the Constitution they swore to defend.

We must not let them try to plead ignorance to this massive bait-and-switch.

******************************
An idea is not responsible for the people who believe in it.

Natural Law and Natural Rights

http://jim.com/rights.html

******************************
The Virtual Conspiracy

Good point, doc.

The votes on RP's amendment will be telling.

Yes,

and I, for one, want to know exactly how each one voted on this amendment...

O.P.O.G.G. - Fighting the attempted devolution of the rEVOLution
Ron Paul 2012...and beyond
BAN ELECTRONIC VOTING!!

Can´t say I´m surprised about his top contributors ....

According to opensecrets.com:

Top Contributors
Melvin L Watt

Contributor ↓ Total ↓ Indivs ↓ PACs ↓
American Assn for Justice $77,500 $0 $77,500
Bank of America $69,100 $16,600 $52,500
Wachovia Corp $69,050 $14,050 $55,000
American Bankers Assn $67,000 $0 $67,000

http://www.opensecrets.org/politicians/contrib.php?cycle=Car...

THIS POS........

Mel Watt, a Democrat from North Carolina

needs to get hundreds of thousands of phones calls, faxes, and emails !!!!

This one man is underming Dr Paul ..and most of America by gutting the bill to Audit the Fed!!!
LET HIM KNOW HOW PISSED AMERICA IS ABOUT HIS ACTIONS....
HE NEEDS TO FEAR US!!!

DC Office:
2236 Rayburn House Office Building
Washington, DC 20515-3312
Phone: 202-225-1510
Fax: 202-225-1512

District Office - Charlotte:
1230 West Morehead Street, Suite 306
Charlotte, NC 28208-5214
Phone: 704-344-9950
Fax: 704-344-9971

District Office - Greensboro:
301 South Greene Street, Suite 210
Greensboro, NC 27401-2615
Phone: 336-275-9950
Fax: 336-379-9951

http://www.house.gov/writerep/ (email just makes sure you enter a zip code of his district)

Fear who??

LET HIM KNOW HOW PISSED AMERICA IS ABOUT HIS ACTIONS....
HE NEEDS TO FEAR US!!!

Well, if you look right above your post, you'll see who his bosses are. I think he fears them and their wealth and power a whole lot more than your phone calls.

Oh, NO! Not the "dreaded PHONE CALLS!!!!!!"

Isn't that going too far? Then, we bring in faxes, right? And emails, too? That's exactly what he will fold under. Being inundated with phone calls, faxes and emails!

Do any of you REALLY think these puppets care how many angry phone calls you make?

Whatever makes you feel like you matter, I guess. Go for it!

Ieh

For Freedom!

For Freedom!
The World is my country, all mankind is my brethren, to do good is my religion.

Oh crap! He's 35 min from where I live

I'm so angry right now! I will call but what I really want to to do is kick his ass in person!! Anyone in NC up for a protest at his office in Charlotte? Those near Greensboro should do the same!!

*****
"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

"I think we are living in a world of lies: lies that don't even know they are lies, because they are the children and grandchildren of lies." ~ Chris Floyd

i'm in asheville, nc. send

i'm in asheville, nc. send me a message at thekid_ttr@hotmail.com. we can set something up.

His constituents....

in person MIGHT make a difference. That's a stretch though. These "legislators" are not even under the original jurisdiction of the United States of America (notice the spelling). They work for THE UNITED STATES OF AMERICA, Inc., big difference!

434

I doubt that can help. Even if he wanted to back out, could he?

Vent on him if you like, but it's the 434 other representatives that we really need to call. Make that 433. R. Paul (R TX) is on board. Write, fax, and call early and often. Start now.

Ĵīɣȩ Ɖåđşŏń

"Fully half the quotations found on the internet are either mis-attributed, or outright fabrications." - Abraham Lincoln

Agreed.

Just wrote a letter to Congressman Driehaus.

WAHOR!!
http://www.dailypaul.com/node/48994

Thanks

Good job posting this, screw this jerk.

Eric Hoffer

I just recieved this email from Thompson RE 1207

He says he talked to RP and RP was in agreement:

Thank you for contacting me regarding the Federal Reserve. I share your concerns regarding the need for transparency in our country's fiscal and monetary policy.

I support the stated intent of legislation Representative Ron Paul (R-TX) introduced to audit the Federal Reserve (H.R. 1207), but I am concerned with the specifics of the bill in its current form. On September 25, 2009, the House Committee on Financial Services held a hearing to consider H.R. 1207. After this hearing I was assured by both the Chairman and Ranking member of the Committee that they are working to authorize a GAO audit of the Federal Reserve, accomplishing the goals laid out by Rep. Paul's legislation. The legislation will likely be included in a broader financial regulatory reform bill currently under consideration.

I talked to Rep. Paul regarding H.R. 1207 and he is in agreement with the Committees proposal to include his bill in up-coming legislation. In order to prevent immediate disclosure of secure financial information that could potentially disrupt financial markets, it was proposed that a short time-lag of a few months be allowed for certain sensitive information. I am pleased to know that this proposal will accomplish the goals of H.R. 1207, while protecting the security of our nation's monetary and fiscal policy.

Please know that I will continue to work with the Chairman and Ranking member of the Financial Services Committee, as well as Rep. Paul to help bring meaningful and effective change to the Federal Reserve and our financial system as a whole.

Again, thank you for sharing your concerns with me. Please continue to contact me on all issues of importance to you and to our district.

Sincerely,

MIKE THOMPSON
Member of Congress

District 1 CA