13 responses to “Barney Frank on HR 1207, Ron Paul’s Bill to Audit the Federal Reserve”

  1. Links 113 | Cindy's Zone 2

    [...] Barney Frank on HR 1207, Ron Paul’s Bill to Audit the Federal Reserve | Ron Paul .com [...]

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  2. End the Fed | Lew Rockwell

    [...] The bill has been bottled up in committee by Barney Frank, who has insisted that he is doing this in order to better coordinate consideration of the best way to gain greater transparency from the Federal Reserve. He has not said that he favors an independent audit of the FED. [...]

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  3. Ron Paul and Barney Frank: Cut Military Spending! | Daily Libertarian

    [...] Barney Frank on HR 1207, Ron Paul’s Bill to Audit the Federal Reserve Earlier this week, Congressman Barney Frank, the Chairman of the… [...]

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  4. Free of State » Blog Archive » The Fed on the Defensive by Gary North

    [...] The bill has been bottled up in committee by Barney Frank, who has insisted that he is doing this in order to better coordinate consideration of the best way to gain greater transparency from the Federal Reserve. He has not said that he favors an independent audit of the FED. [...]

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  5. End The FED | Rights To Freedom

    [...] The bill has been bottled up in committee by Barney Frank, who has insisted that he is doing this in order to better coordinate consideration of the best way to gain greater transparency from the Federal Reserve. He has not said that he favors an independent audit of the FED. [...]

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  6. Conservative Central » Blog Archive » The Fed on the Defensive

    [...] The bill has been bottled up in committee by Barney Frank, who has insisted that he is doing this in order to better coordinate consideration of the best way to gain greater transparency from the Federal Reserve. He has not said that he favors an independent audit of the FED. [...]

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  7. The Market Guardian | Monitoring The Financial World

    [...] Frank to make it happen already. Apparently we were not alone, as Barney Frank recently wrote this email to supporters of Ron Paul’s [...]

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  8. Why Won’t Barney Frank Just Agree To Audit The Fed?

    [...] Frank to make it happen already. Apparently we were not alone, as Barney Frank recently wrote this email to supporters of Ron Paul’s [...]

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  9. Concerned as hell

    F-U Frank! You lying snake! LET THE BILL GO THROUGH!!!

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  10. longshotlouie

    President Obama’s plan to give the privately-owned and unaccountable Federal Reserve complete regulatory oversight across the entire U.S. economy, which is likely to be enacted before the end of the year, will officially herald the beginning of a new form of government in the United States – an ultra-powerful banking dictatorship controlled by a small gaggle of shadowy and corrupt elitists.

    The new rules would see the Fed given the authority to “regulate” any company whose activity it believes could threaten the economy and the markets.

    This goes a step further than the centrally planned economies of the Soviet Union or Communist China, in that the Federal Reserve is not even accountable to the U.S. government, it is a private entity that according to former Fed chairman Alan Greenspan, is accountable to nobody but the banking families that own it.

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  11. longshotlouie

    The amount of US taxpayer money committed to bailouts over the last 12 months by far exceeds the combined cost of major historical events dating back over 200 years.

    The combined amount spent, lent, consumed, borrowed, printed, guaranteed, assumed or otherwise committed to bailouts by the government from March 2008 to March 2009 amounts to some $15 TRILLION.

    What does just one trillion look like?
    http://www.globalresearch.ca/index.php?context=va&aid=12754

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  12. Jim Stewart

    I do not understand Barney Frank’s concern at the Federal Reserve’s vast powers to lend money to any entity in America which it deems sufficiently collateralized. Anyone is free to lend money to anyone or any entity.

    Deeming such loans sufficiently collateralized does not reduce risks of defaults and losses due to insufficient collateral. That’s what has been happening on a grand scale since 2007.

    Barney Frank and generations of taxpayers should be concerned that the law passed in 1932 and signed by Herbert Hoover was and is interpreted as authorising government bailouts of bankrupt banks!

    From my research there is no valid authority for government bailouts of bankrupt banks. Can Ron Paul clarify?

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  13. Mark

    We all need to start taking more action!! I have emailed both my senators about S. 604 and plan to call both!! We need to also start documenting and making public their responses!! Here is the response I got from my Congressman, Senator Bob Corker of TN:

    Dear Mr. ________,
    Thank you for contacting my office regarding S. 604, the Federal Reserve Sunshine Act. Your input is important to me, and I appreciate the time you took to share your thoughts.

    Like you, I understand the importance of having strong federal monetary policy with appropriate oversight measures, particularly during these difficult economic times. S. 604 would require the Comptroller General of the Government Accounting Office (GAO) to audit portions of the Federal Reserve that are currently exempt from audit. Due to the Federal Reserve’s active role in trying to diffuse systemic economic risks, I believe access to certain Federal Reserve records is important to ensure appropriate oversight. As a member of the Senate Banking, Housing, and Urban Affairs Committee, I look forward to working with my colleagues to provide better transparency of federal expenditures.

    Thank you again for your letter. I hope you will continue to share your thoughts with me as I serve you in the United States Senate.

    Sincerely,

    Bob Corker
    United States Senator

    No real commitment to co-sponsor a bill that is a no-brainer, just tried to pacify me… that’s worse that giving me his legit apposing view… THAT I could respect! I will be watching his actions on this!

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