Quote:
Originally Posted by Anchor
The sword of truth is busy at work.
Let us all energise its action.
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This from Campaign for Liberty:
Congress Subpoenas the Fed
Posted by Anthony Gregory on 06/09/09 7:20 PM
First the central bank looks into hiring a lobbyist, and now this!
House lawmakers on Tuesday said they have subpoenaed the Federal Reserve to hand over e-mails, notes and other documents related to its role in Bank of America Corp.'s acquisition of Merrill Lynch & Co.
The lawmakers' subpoena comes after claims that top government officials pressured Bank of America Corp. CEO Ken Lewis to complete the bank's purchase of Merrill Lynch, threatening his job security. Lewis has testified that he had been advised by the officials, former Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke, not to disclose details of Merrill Lynch's difficult financial position, according to New York State Attorney General Andrew Cuomo.
Apparently, even Congress is concerned about what the Fed is up to. This means our work on HR 1207 is already paying off, since it would be hard to imagine this kind of activity if it were not for fear of public opinion. A few years ago, few of us would have thought the Fed would become such a widely discussed public issue, with politicians actually willing to discuss it, let alone act on it. Now HR 1207 has 207 cosponsors and is discussed throughout the blogosphere and even in the mainstream media.
Now is not the time to back down. The Fed still needs to be meaningfully audited, not just subpoenaed on a narrow range of activities. This news also indicates that the Fed has been up to no good, even by Washington standards. Thanks to everyone out there for supporting the efforts to shine a light on the Federal Reserve, and keep it up!
SOURCE with LINKS and COMMENTS: http://www.campaignforliberty.com/blog.php?view=19676
Ben Bernanke on CBS 60 Minutes June 7, 2009
Posted by Marc Tancer on 06/09/09 4:37 PM
Tonight on 60 Minutes, a weekly news show on CBS, Ben Bernanke was interviewed about his life in general, and about what is happening in the economy now and what the Federal Reserve is doing. He didn't really discuss anything substantive about the Fed's actions. He also claimed that the Fed is becomming more transparent; he says that they now publish the minutes of their meetings 3 weeks afterwards. Of course there isn't any REAL transparency if we don't know to whom (banks, corporations, other elitists) their newly issued money and credit is going.
To address a couple of things that he said...
Article continues: http://www.campaignforliberty.com/blog.php?view=19566