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Frank Asks Bernanke to Probe Fed Actions on Watergate, Iraq


March 3 (Bloomberg) -- House Financial Services Committee Chairman Barney Frank asked Federal Reserve Chairman Ben S. Bernanke to investigate the Fed’s involvement in the Watergate scandal and Iraqi weapons purchases in the 1970s and 1980s.

Representative Ron Paul asked questions about “inappropriate political interference” and “hidden transfers of resources” during a Feb. 24 hearing with Bernanke, and the allegations “must be fully investigated,” Frank said in a letter today to Bernanke and obtained by Bloomberg News.

Frank, 69, said the Fed must address the charges because “continued concern about political interference” with the Fed and “allegations about a lack of transparency.” Bernanke and other Fed officials are trying to fend off a measure offered by Paul, which passed the House in December, that would open the Fed to audits of interest-rate decisions.

“These specific allegations you’ve made I think are absolutely bizarre, and I have absolutely no knowledge of anything remotely like what you just described,” Bernanke told Paul, a Texas Republican who wrote the 2009 book “End the Fed,” during last week’s hearing.

More at Bloomberg.com

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This is funny....

Bob Scheiffer was treating Ron Paul as though he were a crank for bringing up these issues. Now that one of Scheiffer's "heroes" is investigating, how will Scheiffer spin this?

This is just TOO DAMN FUNNY!

That Ron Paul sure knows how to light a fire! And then he just saunters off into the distance and lets the bad guys fight it out! OH he is a sly dog!

Thomas Jefferson: “Indeed, I tremble for my country when I reflect that God is just, that His justice cannot sleep forever."

Viva La Revolucion!


Should we all start emailing the FED demanding answers?


What is the time frame

must investigate by 2060?

*May the only ones to touch your junk, be the ones you want to touch your junk.*



Yeah I got a kick out of it

Yeah I got a kick out of it too.