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 …

Continue reading

Ron Paul: The SEC is a Total Failure and Part of the Problem

The monetary system, the Federal Reserve and the SEC are the cause of corruption in our economy, and giving them more power will only make things worse. Date: 04/19/2010 Channel: Fox Business Transcript Ron Paul: The SEC is a Total Failure and Part of the Problem Stuart Varney: The passage …

Continue reading

The Federal Reserve Needs Honesty, Transparency and Accountability

Congressman Ron Paul issued the following statement regarding recent revelations that then New York Fed Chair Timothy Geithner urged AIG to avoid disclosing to the SEC details of agreements with banks that bailed out credit default swap counterparties such as Goldman Sachs: “The new details revealed today regarding AIG’s bailout …

Continue reading

It’s Time To Abolish The Fed And The SEC

On January 5, Ron Paul addressed the House Financial Services Committee’s hearing on the Madoff Ponzi scandal. He pointed out that Bernard Madoff was operating under the supervision of the SEC, that more regulation will only make the job of cunning fraudsters easier because they can claim to be approved …

Continue reading