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Ron Paul makes a strong case for auditing the Fed.

After claiming some well-deserved credit for helping Ron Paul get his bill to a vote, Barney Frank proceeds to express his preference for the opposing Watt amendment.

After several hours of heated debate, the Paul-Grayson “Audit the Fed” amendment passed 43-26 in the House Financial Services Committee earlier today. The amendment calls for a comprehensive audit of the Federal Reserve and replaces the opposing “placebo” amendment proposed by Mel Watt.
The Paul-Grayson initiative is an amendment to Barney Frank’s HR 3996, also known [...]

Later this afternoon, the House Financial Services Committee will be voting on the Paul-Grayson amendment (which is essentially the “Audit the Fed” bill HR 1207 in the form of an amendment), and the opposing Watt amendment to audit the Fed.
Over the course of today’s hearing, Chairman Barney Frank unsurprisingly came out in support of the [...]

by John Tate
A few weeks ago, the Campaign for Liberty sent out an alert that Representative Mel Watt was attempting to water down HR 1207 in the House Financial Services Committee.
The latest reports we have received have informed us that a vote on the Watt amendment could come today!
There’s still time for us to stop [...]

Date: 11/4/2009
Venue: Financial Services Committee Hearing
Transcript:
Ron Paul: I thank you, Mr. Chairman. Earlier this year, Secretary Geithner had an interview and he said that the main source of our problem with this economic crisis was that we kept interest rates too low too long. And I certainly agree with him on that. And I also [...]

Earlier this week, Congressman Ron Paul sent a letter to all Members of Congress asking them to support his legislation HR 219 The Social Security Preservation Act, which simply states that all monies raised by the Social Security Trust Fund will be used only in payments to beneficiaries or invested in interest-bearing certificates of deposit.
“This [...]

Venue: House Financial Services Committee
Topic: Systemic Regulation, Prudential Matters, Resolution Authority and Securitization
Date: 10/29/2009
Ron Paul: Mr. Secretary, more and more people today are looking critically at the Federal Reserve and wondering what’s going on. And, of course, the people are asking more questions and they want to know exactly what role the Federal Reserve has [...]

Venue: Foreign Affairs Committee Hearing
Date: 10/28/2009
Ron Paul: Mr. Chairman, thank you and I oppose this legislation [HR 2194: Iran Refined Petroleum Sanctions Act of 2009]. I do not challenge the motivation of those who support this legislation, but I think it’s deeply flawed and I think it’s going to do a lot more harm [...]

Venue: Joint Economic Committee Hearing
Date: 10/22/2009
Transcript
Ron Paul: Thank you, Madam Chairman and welcome, Dr. Brummer. I appreciate this opportunity to attend this hearing. I’m sorry I have to leave shortly to do some votes, but I did want to make a couple of points and maybe you can follow upon this later on.
In the [...]

Venue: U.S. House Committee on Foreign Affairs
Date: 10/15/2009
Transcript:
Ron Paul: Thank you, Mr. Chairman. In the last months, we have had a pretense of having a debate about Afghanistan, but unfortunately, it’s not much of a debate. We’re deciding whether or not to send 40,000 or 80,000 troops over to Afghanistan and we can’t even [...]

Ron Paul and Alan Grayson sent a letter to Senate Banking Committee Chairman Christopher Dodd this afternoon, asking that the Senate delay Federal Reserve Chairman Ben Bernanke’s confirmation hearing until the Federal Reserve releases information on which financial firms have received emergency Fed loans in the past year and transcripts of Federal Open Market [...]