They made Ron Paul's bill powerless.

http://dailyreckoning.com/audit-the-fed-gets-gutted/

“Audit the Fed” Gets “Gutted”

By Ian Mathias

11/05/09 Baltimore, Maryland – “There’s nothing left, it’s been gutted,” Ron Paul laments, offering our last bit today. Unfortunately, he’s referring to HR1207, the “Audit the Fed” bill he’s been championing this year. According to Paul, Mel Watt (chairman of the House Subcommittee on Domestic Monetary Policy and Technology) took out “just about everything” when preparing the bill for House vote. According to Bloomberg, Paul believes the bill “has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff.”
Paul says he plans on drafting an amendment to the bill that would restore the original language… but until further notice, the “Audit the Fed” outlook isn’t pretty.
In what can only be a cosmic coincidence, we note that Mel Watt is a North Carolina representative. Specifically, he represents District 12… which just so happens to be the HQ for Bank of America, the biggest beneficiary of opaque Federal Reserve lending practices. Hey just for kicks, lets look at the top donors for Watt’s 2008 re-election, as listed on his own Web site:
1 Wachovia Corp.
2 American Bankers Assn.
3 Bank of America
4 American Express
What are the odds?
Heh, and now that we’ve inched our 5 Min. toes outside political correctness, why not cross the line altogether… Is this the most disgustingly gerrymandered district you’ve ever seen?
All right… we’ll stop noting all these bizarre coincidences. You might get the wrong idea.

Ian Mathias

Ian Mathias is managing editor of The 5 Min. Forecast and AgoraFinancial.com. We discovered Ian working as a full time rock climbing guide and writing on the side. As it turns out, markets and global economics can be extreme too… at least enough to keep him around. Since working for Agora Financial, respected media outlets including Forbes.com, the Associated Press, Yahoo, and MSN Money have syndicated his writing. He received his BA from Loyola College in Maryland and is currently studying writing at the graduate level.

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It's a sad day

I've been hopeful, but i figured this would happen.

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FUUUUUUUUUUUUUUUUUUUCKKKKING PIECE OF SHIT






Doesnt it just make it that much more obvious how absoloutely corrupt our financial system, as well as our federal government is?


its rediculous


just like obama, in the same speech, saying


"the united states...does not torture, there has been a proposal to investigate these events, and i have opposed such a committee"




you cant fucking say
'
"yeah everything is fine"

"oh really? fine you say? can i take a peek and look for myself?

"nope. not allowed"

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True, Ron Paul is a powerless empty suit. Why is this even news?

This is where i would insult you. but i follow the rules here at this forum


so i very loudly declare my dissaproval for this comment


ron paul = the REAL hope for change

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Ron Paul has proven time and again to be no more than another impotent Politician.

gee maybe because he doesnt have a huge corporate backing like a certain 2 people did?


presidents are not elected, they are chosen


the illusion of choice.... its a hard one to see through

red guy vs blue guy when its all the same agenda

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BTW Democrats this is your Boy.
Mel Watts is a liberal D.
Protecting the greedy bankers and money-changers at the FED.
Just because Ron Paul is an R is no reason
not to support Auditing the main banking establishment.
I sugjest you clean house a little.

This bill has 309 co-sponsers.
This Mel Watt Douche just up and gutted the bill.
Knowing, now the Good Dr. will have to get an amendment passed.
Just to vote on the original bill, WTF!
They are playing fucking games.
Barny Frank amd Nancy Peloci are deliberatly holding up an Audit of the FED as well.

If you dems want bankers held accountable you should want the FED audited.
For all your hyped up protection of the people it is a D that hurt the people the most.
The FED is directly responsable for the inflation that cracks its whip on the poor the hardest.
Where are you on this!

WATS THE DEAL WITH THE DIVISION OF THE COUNTRY BY DEMOCRATS AND REPUBLICANS!!!!!!! This is most certainly not a united country...

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Vision? What do you know about my vision?! My vision would turn your world upside-down, tear asunder your illusions, and a sanctuary of your own ignorance would come crashing down around you. Ask yourself... are you really ready to see that vision?

Name just one thing Ron Paul has accomplished?