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Thread: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Chaddelamancha View Post
    How is it that the government can audit any company within the U.S. except the Fed?
    Because the FED is corrupt, and arrogantly state they are above the government's law. They are hiding something BIG.

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by 24107 View Post
    Because the FED is corrupt, and arrogantly state they are above the government's law. They are hiding something BIG.
    what do you imagine they may be "hiding"?


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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Thunder View Post
    what do you imagine they may be "hiding"?

    Your a smart guy Thunder, why do you act like you don't know?

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Thunder View Post
    what do you imagine they may be "hiding"?

    My money.
    Hail to the King baby!

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by American View Post
    Greenspan can take a lot of blame for leaving interest rates low for too long.
    He can take credit for almost the entire housing bubble and subsequent crash as far as I'm concerned.

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Moot View Post
    He can take credit for almost the entire housing bubble and subsequent crash as far as I'm concerned.
    And that would be a profound misunderstanding of just what and how interest rates affect economies. Keeping interests rates low (By the way under Obama they've been the lowest in more than 70 years) does not a bubble create. Banks don't want to lend money at low rates, it makes it more difficult to sell the asset. No, what they really like is high interest rates. You can blame your government for the housing bubble mostly. The Fed had really nothing to do with it.

    Tim-
    “When buying and selling are controlled by legislation, the first things to be bought and sold are legislators.” - P. J. O’Rourke
    “Socialism is great until you run out of someone elses money” Margaret Thatcher

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Moot View Post
    He can take credit for almost the entire housing bubble and subsequent crash as far as I'm concerned.
    the chairman is essentially the PR arm. One man isn't to blame, it is an institutional issue.

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by 24107 View Post
    I would love a clear explanation of who exactly are our corporate masters.
    Our corporate masters are the big banks. Goldman Sachs, Bank of America, JPMorgan, Citigroup.....

    United States' Largest Banks — Infoplease.com


    I hope there is an audit of the Federal Reserve. Tim Geitner knew about the manipulation of the Lipor bank interest rates when he was head of the NY Federal Reserve and didn't say a word about it for the last four years he was Treasury Secretary. He's another one that deserves time in prison.



    "Nearly two years after Wall Street Reform was signed into law, 68% of Americans support the Wall Street Reform. The poll also found that 74% of Americans, regardless of political party affiliation, support the Consumer Financial Protection Bureau (CFPB)...."
    United States Senate Committee on Banking, Housing and Urban Affairs : Newsroom

    After reading the entire link above I get the strong impression that the Senate Banking Committee headed by a Blue Dog Democrat, Tim Johnson are not going to audit the Federal Reserve and ignore the will of the people in favor of the big banks. I think the passing of the Ron Paul audit bill, like almost all the house bills of late was just more posturing and for show. Instead we will get a lot obfuscating lip service from both sides until after the election at which time the banks will demand from whomever is president the repeal of Dodd Frank and that will be the end of banking regulations. We the people are screwed.

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Moot View Post
    Our corporate masters are the big banks. Goldman Sachs, Bank of America, JPMorgan, Citigroup.....

    United States' Largest Banks — Infoplease.com


    I hope there is an audit of the Federal Reserve. Tim Geitner knew about the manipulation of the Lipor bank interest rates when he was head of the NY Federal Reserve and didn't say a word about it for the last four years he was Treasury Secretary. He's another one that deserves time in prison.



    "Nearly two years after Wall Street Reform was signed into law, 68% of Americans support the Wall Street Reform. The poll also found that 74% of Americans, regardless of political party affiliation, support the Consumer Financial Protection Bureau (CFPB)...."
    United States Senate Committee on Banking, Housing and Urban Affairs : Newsroom

    After reading the entire link above I get the strong impression that the Senate Banking Committee headed by a Blue Dog Democrat, Tim Johnson are not going to audit the Federal Reserve and ignore the will of the people in favor of the big banks. I think the passing of the Ron Paul audit bill, like almost all the house bills of late was just more posturing and for show. Instead we will get a lot obfuscating lip service from both sides until after the election at which time the banks will demand from whomever is president the repeal of Dodd Frank and that will be the end of banking regulations. We the people are screwed.
    Thanks for the information moot, i hope one day people realize that this serious issue hasabsolutely nothing to do with democrat's or republican's, but an ''instituition'' that openly consider's itself above government control, which is the Federal Reserve. Partisan hackery is useless when it comes to this issue.

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    Re: House easily approves Paul's 'audit the Fed' bill in 327-98 vote

    Quote Originally Posted by Moot View Post
    He can take credit for almost the entire housing bubble and subsequent crash as far as I'm concerned.
    You are right about Greenspan but at least he admitted he was very wrong about deregulating the commercial banks. Candidate Romney has not even done that or ANY of the responsible parties in the GOP either. Not McCain, who once said he never met a regulation he didn't hate, and not Phil Gramm who wrote and introduced the bills in the House. Of course Gramm sits on the board of UBS Bank now where he is a hero I'm sure.

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