Old Project Avalon Forum (ARCHIVE) - View Single Post - HR 1207 UPDATES "The Federal Reserve Transparency Act"

peaceandlove · 11-19-2009, 10:53 PM

Right on Orthodoxymoron

Speaking of Geithner, here is a recent Karl Denninger Blog:

"Liberal" Consensus On Dumping Geithner

Thursday, November 19. 2009
Posted by Karl Denninger

From The Hill.... http://thehill.com/blogs/blog-briefi...-dump-geithner

Rep. Peter DeFazio (D-Ore.) said Wednesday that he and other liberal House members are becoming increasingly tired of Obama administration economic policies that they say are too focused on maintaining the stability of Wall Street firms and largely ignore "Main Street."

"A growing consensus in the caucus [believe that Geithner should be removed]," DeFazio said on MSNBC this evening, adding that some lawmakers are "considering questions regarding him and other economic advisers."

No, really?

What was your first hint Peter?

Was it that Timmy couldn't be bothered to pay his taxes? Was it that he was the Wall Street stooge who handed out billions of taxpayer money to the big banks through AIG via what I'd argue was a fraudulent scheme to pay off those CDS at par? Or is it Timmy's incessant prattling on about a "strong dollar"?

One has to wonder, given that there's really nothing different about any of Geithner's views and actions than Paulson's - except for the blatant tax cheating (that we know of.) Then again, being a tax cheat seems to be a requirement to be a Democrat official - shall we toll up the list both in the Obama Administration and Congress?

Continues: http://market-ticker.denninger.net/a...-Geithner.html

Oh Oh - Here Comes Cummings (Fed Audit)

Thursday, November 19. 2009
Posted by Karl Denninger

This one is definitely worth a read folks: http://market-ticker.denninger.net/u...cummings-1.png (click for larger image)

It appears that Representative Cummings, along with a half-dozen other Representatives, have had enough of The Fed's games.

They are now calling for a FULL CONGRESSIONAL REVIEW of THE ENTIRE FEDERAL RESERVE SYSTEM, including A FULL PUBLIC AUDIT.

To this I say:

It's about damn time.

SOURCE: http://market-ticker.denninger.net/a...Fed-Audit.html

Update on Committee Action Today

Posted by Matt Hawes on 11/19/09 1:31 PM

Latest report is that debate on the Watt and Paul amendments should start around 12:30, with a vote likely later this afternoon.

Keep those calls up! http://www.campaignforliberty.com/blog.php?view=28891

Update: To see a live feed, go to the Financial Services website here and click on "Watch Live Meeting Webcasts"

Update #2: Roll call votes are still expected around 4 pm. Everything taken up to this point has been a voice vote. Keep calling to make sure the FSC members stick with the amendment.

Update #3: Votes are currently happening on the House floor, so the reconvening of the Committee is being delayed a bit.

Update #4: The Committee is back, but will only be voting on the amendments, not the overall regulatory reform bill.

Update #5: The Paul Amendment passed! 43-26! Thanks to everyone who made those calls!!!

SOURCE and 120 COMMENTS SO FAR: http://www.campaignforliberty.com/blog.php?view=28944

If you read the comments it gives you a play by play of the debate.

11-19-2009, 10:53 PM	#166
peaceandlove Avalon Senior Member Join Date: Sep 2008 Location: Turtle Island Posts: 2,776	Re: HR 1207 UPDATES "The Federal Reserve Transparency Act" Right on Orthodoxymoron Speaking of Geithner, here is a recent Karl Denninger Blog: "Liberal" Consensus On Dumping Geithner Thursday, November 19. 2009 Posted by Karl Denninger From The Hill.... http://thehill.com/blogs/blog-briefi...-dump-geithner Rep. Peter DeFazio (D-Ore.) said Wednesday that he and other liberal House members are becoming increasingly tired of Obama administration economic policies that they say are too focused on maintaining the stability of Wall Street firms and largely ignore "Main Street." "A growing consensus in the caucus [believe that Geithner should be removed]," DeFazio said on MSNBC this evening, adding that some lawmakers are "considering questions regarding him and other economic advisers." No, really? What was your first hint Peter? Was it that Timmy couldn't be bothered to pay his taxes? Was it that he was the Wall Street stooge who handed out billions of taxpayer money to the big banks through AIG via what I'd argue was a fraudulent scheme to pay off those CDS at par? Or is it Timmy's incessant prattling on about a "strong dollar"? One has to wonder, given that there's really nothing different about any of Geithner's views and actions than Paulson's - except for the blatant tax cheating (that we know of.) Then again, being a tax cheat seems to be a requirement to be a Democrat official - shall we toll up the list both in the Obama Administration and Congress? Continues: http://market-ticker.denninger.net/a...-Geithner.html Oh Oh - Here Comes Cummings (Fed Audit) Thursday, November 19. 2009 Posted by Karl Denninger This one is definitely worth a read folks: http://market-ticker.denninger.net/u...cummings-1.png (click for larger image) It appears that Representative Cummings, along with a half-dozen other Representatives, have had enough of The Fed's games. They are now calling for a FULL CONGRESSIONAL REVIEW of THE ENTIRE FEDERAL RESERVE SYSTEM, including A FULL PUBLIC AUDIT. To this I say: It's about damn time. SOURCE: http://market-ticker.denninger.net/a...Fed-Audit.html Update on Committee Action Today Posted by Matt Hawes on 11/19/09 1:31 PM Latest report is that debate on the Watt and Paul amendments should start around 12:30, with a vote likely later this afternoon. Keep those calls up! http://www.campaignforliberty.com/blog.php?view=28891 Update: To see a live feed, go to the Financial Services website here and click on "Watch Live Meeting Webcasts" Update #2: Roll call votes are still expected around 4 pm. Everything taken up to this point has been a voice vote. Keep calling to make sure the FSC members stick with the amendment. Update #3: Votes are currently happening on the House floor, so the reconvening of the Committee is being delayed a bit. Update #4: The Committee is back, but will only be voting on the amendments, not the overall regulatory reform bill. Update #5: The Paul Amendment passed! 43-26! Thanks to everyone who made those calls!!! SOURCE and 120 COMMENTS SO FAR: http://www.campaignforliberty.com/blog.php?view=28944 If you read the comments it gives you a play by play of the debate. Last edited by peaceandlove; 11-20-2009 at 03:46 AM.