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Congress subpoenas Fed for Bank of America/ Merrill Lynch merger documents and emails.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aRWcn.Fv...

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Wow.....765! Hey, DIGG this

Wow.....765!

Hey, DIGG this one while at it!

207 co-sponsors for HR1207 Federal Reserve Transparency Act

http://digg.com/politics/207_co_sponsors_for_HR1207_Federal_...

.

Trust in God, but tie your camel tight.

"Socialism needs two legs on which to stand; a right and a left. While appearing to be in complete opposition to one another,they both march in the same direction." - Paul Proctor

digg

http://digg.com/business_finance/Federal_Reserve_subpoenaed_2

If voting could really change things,
it would be illegal. Here is hoping for change!

I don't know what is

good news anymore. How do we know we are making any progress after all would exposing the FED bring in the IMF. Bump for night crowd I'm going to bed.

Prepare & Share the Message of Freedom through Positive-Peaceful-Activism.

"Obama's IMF Sneak Attack"

quitingsando (and everyone else) you might want to check out the last page (44) of the current issue of the New American magazine. http://thenewamerican.com/economy/commentary-mainmenu-43/1154

This excellent article should help clear some things up.
wtf.

Interesting. We will have

Interesting. We will have to keep an eye on this one, but things are starting to shake up a bit in Washington. Who knows how many skeletons may start falling out of closets.

I have a feeling this is all

I have a feeling this is all a planned charade to look as though the Fed is compliant and transparent.

I wouldn't doubt that this was all planned in anticipation to use as their defense against having H.R. 1207 enacted.

The Fed will say: "See, we're compliant! We're transparent! We gave up our emails!"

We all know that's baloney, but that's what I think they'll say.

This is specific tho...

It is about BoA, not about an audit.

So two different things.

Although I agree with you that everything may not be what it seems.

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

I agree

This could be one of those ... Look we got this, don't worry it's all good deals.

Wouldn't an audit also seek

Wouldn't an audit also seek to find all of the Fed's transaction and contract agreements? If H.R. 1207 were to pass, I'm assuming that this BoA issue would also be requested during the complete audit of the Fed.

Basically, all information about the Fed's actions would be uncovered if H.R. 1207 passed and became law.

Yes.

Which is why 1207 is so vital to the freedom movement.

Of course, in my limited time in politics I have seen smaller governments just cook the books and keep going... or bribe the auditors into a comfortable silence.

However, I have a feeling that there is no real way they can juggle thier books anymore, since they already have been juggling them for WAY too long. The discrepancies will be blinding.

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

bump

Great news

If voting could really change things,
it would be illegal. Here is hoping for change!

this could be good and with 207 on board with 1207

we might just be getting somewhere :)

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Live like you mean it ..... Your life is your own !
http://www.randpaul2010.com

~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~
Stop the NWO....It's just illumi..Naughty !

haha

This is awesome, people are starting to wonder what the fed is, and more importantly, what it has been up to... hmmm... I wonder what started this trend? don't let up freedom-lovers... they're actually hiring lobbyists to counteract OUR lobby...
-Paix and Liberte
The Libertarian Roots of Marxist Class-Conflict Theory

I won't get too excited about

this until some substantial action is taken.

How many times have we seen these committees drag people before them...ask them a bunch of questions. Then nothing ever becomes of it. Except a whole lot of political posturing meant to appease the masses

comparing this development to subpoena of MLB players

for steroid abuse, id say that this is an encouraging step. Then again, who knows if its being initiated by BofA?

bump for freedom

Goldi you don't post often but when you do it's always something really special.

"The Constitution is not an instrument for the government to restrain the people, it is an instrument for the people to restrain the government -- lest it come to dominate our lives and interests."
-- Patrick Henry

Website:
http://www.libertypoet.com/
Twitter:
http://twitter.com/LibertyPoet
"How can we justify to the unemployed and underemployed in the United States the incredible cost of maintaining a global empire?" - Dr. Ron Paul

wow!

HOLY CRAP!

WOW!

Bump

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

"First they ignore you, then they laugh at you, then they attack you, then you win!"
GANDHI

Bump...

This is the FED being thrown under the bus, possibly.... does this have merit here?

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

Hmmmmmmm....

I guess they DO grow back!

snicker

A free market will never exist as long as there is monopoly control over the money supply.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Well!

Wonder if anything will come of this.. interesting news indeed!

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

The fed said they want to keep the documents confidential

I guess we'll see what Barney Frank decides.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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Isn't he screwed tho?

I mean, at this point, if he keeps what happens secret and it gets out later (with a financial collapse, for instance) the only thing Barney is going to be able to request is an undisclosed location for his burial so that the gravesite will not be repeatedly violated.

He's kinda in the hotseat on this one....

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

We can only hope for so much

Don't forget that Frank is so slimy that he can wiggle his way out of pretty much anything.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
----------------------------

True!

I think it's his voice.. can you imagine hearing a 4 hour deposition from him?

You'd gnaw your arm off just to bleed to death in half that time to escape that voice.. ~shudder~

~Live life to its fullest, with an open heart, open arms and most important... an open mind~

: D

"The Federal Reserve was subpoenaed by the House Oversight Committee for e-mails and documents related to Bank of America Corp.’s purchase of Merrill Lynch & Co. after the panel was unable to obtain them through a request last week."

Ron Paul "Sign Wave Across the USA" -- November 5th!

The rats (congress)

are jumping ship. Or, to be precise, they are jumping ship, turning and gnawing on the carcass of the boat that sustained the insane spending in their districts for so long.

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"the only thing that keeps the banking system from failing is general ignorance about how the banking system works."
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