Texas' Ron Paul to the Rescue! Proposed Fed Audit. for role in Finanical Meltdown.

By
Real Estate Broker/Owner with Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 Tx Broker 0304050

Here's the story on Yahoo about auditing the Fed and making Wall Street pay for the bail-out:

Treasury Secretary

What's interesting here is that once again, Barney Frank, while appearing to support something akin to Congressional oversight, actually is against a full-blown audit of the Fed. 

A lot of this mess can be largely laid at his feet.  Not because he intended for this to happen, but by him and his coleagues crafing financial legislation for cramming social engineering down the throats of Americans via financial institutions.  He has repeatedly been against cleaning up Freddie, Fannie and the Fed (our financial house) since the mid 90's.  Check out his voting record and bills and the results of those votes.

Why? One may ask.  Hint: Follow the money!

This Congress is so far in the hip-pocket of special interests, its disgusting.  And while the previous Congress was bad, we just put a lot more the this type of BS in office!

Ron Paul proposed the audit and has over 300 members of Congress on board.  But the Finance Committe Chair (BF) is against it.

Go figure.

 

Posted by

Mick Michaud,

Managing broker,

United Country Distinctly Texas Lifestyle Properties, LLC
Texas license # 0304050

The Lifestyle you want, the place to live it.

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Rainer
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Geoff ONeill
John L. Scott Medford - Medford, OR

Agreed.  Barney refused in 2003 to look into the problems... but no one is taking his home in foreclosure. 

Nov 19, 2009 02:35 PM #1
Rainer
258,899
Mick Michaud
Distinctly Texas Lifestyle Properties, LLC Office:682/498-3107 - Granbury, TX
Your Texas Lifestyle is Here!

Geoff: Thanks for commenting and providing a specific situation.  It goes back even further than that.  Frank was behind a lot of the mandating banks to lend to those with lower credit standards so everyone could own a home, whether they could manage it or not.

 

Nov 19, 2009 02:49 PM #2
Rainmaker
560,792
Tim Maitski
Atlanta Communities Real Estate Brokerage - Atlanta, GA
Truth, Excellence and a Good Deal

I was so happy to see that Ron Paul's amendment to his gutted bill got passed  yesterday.  I think the amendment put the teeth back into the bill. I hope.

 

Nov 19, 2009 10:48 PM #3
Rainmaker
1,269,407
Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

Geitner's response was PRICELESS!!! They keep playing it on FOX and it continues to make me laugh....he needs to be the NEXT to GO!!

Nov 19, 2009 10:55 PM #4
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Mick Michaud

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