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WASHINGTON -- In a rare moment of bipartisanship, the House overwhelmingly passed a bill by Rep. Ron Paul (R-Texas) to audit the Federal Reserve.
The bill, which has 270 co-sponsors, passed 327 to 98. All but one Republican -- Rep. Bob Turner of New York -- voted for it, along with 89 Democrats.
Paul teamed up with former Rep. Alan Grayson (D-Fla.) in 2010 to pass similar legislation that became part of the final Wall Street reform bill. But Paul has said new audit legislation is needed because the 2010 bill didn't go far enough. Specifically, he states on his website that the audit called for in the 2010 bill only focused on emergency credit programs and procedural issues, rather than on the substantive details of the lending transactions. The 2012 bill doesn't limit the focus of the audit
Originally posted by Chrisfishenstein
reply to post by babybunnies
So tell me why anyone wouldn't want someone like this, who is trying to find the issues with America to solve, running our country?
I am still as I have always been 100% for Ron Paul......We need this man as our president!!
Good job Dr. Paul for setting this into action!!
Originally posted by ararisq
It'll either die in the Senate or at Obama's desk. The Fed doesn't spend much time vetting House members - only a few. They totally own the senate and presidency though.
"The Fed creates trillions of dollars out of nothing and gives it to banks. Congress is in the dark. The Fed sets the stage for the subprime meltdown. Congress is in the dark. The Fed takes a dive on LIBOR. Congress is in the dark. The Fed doesn’t tell regulators what is going on. Congress is in the dark," Kucinich shouted on the House floor, just before the vote.
Originally posted by ModernAcademia
Awesome... simply awesome news
Of course this means that they may create some weird event or something of course
There's too much at stake right now