Who Put The SEC Secrecy Loophole Into The Dodd/Frank Financial Reform Bill?




Ron Paul appeared on Fox Business to discuss the SEC “secrecy” loophole that somehow made its way into the Dodd/Frank financial reform bill. After learning about the loophole from Fox News, Ron Paul quickly introduced H.R. 5970, the “SEC Transparency Act of 2010“, which would repeal the loophole. Ron Paul also pointed out that big legislation like this always leads to a lot of mischief because most Congressmen don’t actually read the bills before voting on them.

Date: 08/02/2010

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75 Comments:

  1. fred the protectionist

    WHen you Roonulans first brought this up you were all like, "See even the Democrats are for auditing the FED," and I was like, "no the Democrats are just playing the populist card for political reasons like votes."

    I was right, you were wrong; deal.

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    • I actually agree with you partially.
      But I think the change of mind was also due to the long delay in voting on the bill and in the meantime the Federal Reserve sent lobbyists to sway their vote. Which would explain why the response I got back from my senator was just very scripted list of "facts" and quotes that is very doubtful he came up with on his own.

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  2. very wise words! thank you and keep passing it on! All of us (that know how great of a man Ron Paul is) need to make it our duty to inform our friends of how great Ron Paul would be for our country! If we want change and if we want to have a great president then each of us have to start with ourselves and our friends and family will come along! Ron Paul in 2012

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  3. MiKikaIwaShizaru

    Dumb politicians should read bills before they vote!
    But in slight fairness, bills like the "Patriot" Act were changed the night before the vote, so the dumb-asses just voted on it because after 9/11 they wanted to be "Patriotic". Fascists exploited the mood of the country to get their longtime wishlist passed.

    (I wish that the Tea Party would rail against the [big brother] Patriot Act...)

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  4. hahaha, he's the gangsta of the constitution.

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  5. what you just said literally made zero sense.

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  6. When Ron says "they" he doesn't specify: and, he is gracious when he uses the word "mischief". He should specify that "they" means a group of very powerful people (Bilderbergs) and "mischief" means fraud. I think that Ron is a "gentleman" and that is a weak link in the chain he is using to tow his message of getting back to the constitution. If he would become overtly passionate, he would attract a wider spectrum of attention to his cause. Take names and kick butt!

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  7. When Ron says "they" he doesn't specify: and, he is gracious when he uses the word "mischief". He should specify that "they" means a group of very powerful people (Bilderbergs) and "mischief" means fraud. I think that Ron is a "gentleman" and that is a weak link in the chain he is using to tow his message of getting back to the constitution. If he would become overtly passionate, he would attract a wider spectrum of attention to his cause. Take names and kick butt!

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  8. what about hollie grieg scotlaand

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  9. CONT: no one has purposefully deceived the public into thinking global warming is real so that the government can tax us more; thats just false. clean energy has other benefits like slowing pollution; it doesnt just help stop global warming.

    why dont you "look up the scientific evidence" yourself? ill give you a head start by sending you the link to a national geographic page you might find interesting.

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  10. its not as big of a problem as al gore says it is (and btw real mature calling him a rapist), but obviously temperatures ARE on the rise globally. the debate is on whether or not we are causing (or contributing to) this rise in global temperature (also some regions have declined in temperature, hence the more accurate term climate change).

    maybe global climate change has been somewhat misrepresented, but its certainly not a hoax.

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  11. I see you're now a full-blown Ron Paul video troll. "Anyone who favors a small, constitutional, reasonable sized government favors no government" blah blah blah. Take your straw man arguments and hit the road sport.

    BTW, I wasn't aware that there's a federal DMV? Most police are state, county, city, township, whatever. Local government is better, the founding fathers knew this. That's why they wrote the 10th Amendment.

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  12. Connecticut, do the country a favor and vote for Peter Schiff in the polls for U.S. Senate on the 10th! The more people on Corruptable...er um, Capital Hill that believe in liberty, the better!

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  13. Yeah, no kidding! And if he ran for president again, they'd call him a racist, crazy "kook" and laugh at him like he's crazy like they did before! I hate Faux news, but it's (kind of) useful for us that they are working hard at nitpicking all the things the Dems are doing right now like a good GOP-corporate-entertainment-business-media should do!

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  14. sorry to inform you, but if you look up the scientific evidence there is no such thing as global warming. It has been proven that (this may be a shocker) the sun is the main source of warming on the earth. Also it has been proven that carbon dioxide levels go up after the temperture has gone up. Do some research on your own and don't believe what the rapist Al Gore says.

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  15. i would go for ron paul 2012, but i dont really want someone who thinks global warming is an elaborate hoax running this country.

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  16. haha I like how fox is trying to take credit for it to make it seem like they deserve credibility while they continue to use Ron Paul for their own agenda as usual

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  17. Does Anyone In Our Government Know That We Need: Roads Repaired, Bridges Repaired, A New Alternative Energy System Built, Exsisting Power Plants Repaired, New Nuclear Power Plants Built, Water Treatment Plants Built And / Or Upgraded, Billions of Dollars Spent On INFRASTRUCTURE Of These United States.Do You Think That It Would Be Hard, For Our Elected Officials To Take The Necessary Steps, To Employ AMERICANS To WORK On OUR OWN COUNTRY.We Do Have To Live Here,You Know!!-BILLIONS FOR THE WAR MACHINE, NO MONEY FOR THE HOME TEAM ?-WTF

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    • That's right Frukit...
      We need to GET OUT of the Offensive War business and spend those billions here at home.

      Dr Paul's repeated position has always been Defense NOT Offense, we need to get out of 137 countries and NOT SPEND money we don't have.

      We need NEW INFRASTRUCTURE, bridges, roads, power plants, storm water projects, levies, dams etc.
      But we don't have the money!

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  18. Honest Man!!!

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  19. Honest Man!!!

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  20. Honest Man!!!

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