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Fed Audit Debate In Process At House Financial Services Committee

Tyler Durden's picture




 

Catch every minute of the House Financial Services Committee deciding the fate of the Federal Reserve live now at the following link.

 

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Thu, 11/19/2009 - 14:57 | 136065 Astute Investor
Astute Investor's picture

How much to buy you Mr. Watt?

Thu, 11/19/2009 - 15:01 | 136070 Deficient Market
Deficient Market's picture

I'll chip in too! If we make a pool and have every unemployed American donate just ten cents, I'll bet that it will add up to more than the sum that Mr Watt is selling his country for.

Thu, 11/19/2009 - 15:11 | 136085 Hephasteus
Hephasteus's picture

These jackasses at congress are barely millionaires. All them put together wouldn't make a good goldman bonus.

Thu, 11/19/2009 - 15:04 | 136075 John McCloy
John McCloy's picture

This is a very impotant meeting.
Citizens needs a true Fed Audit

Thu, 11/19/2009 - 15:04 | 136076 John McCloy
John McCloy's picture

This is a very impotant meeting.
Citizens needs a true Fed Audit

Thu, 11/19/2009 - 15:13 | 136084 Lux Fiat
Lux Fiat's picture

Remember what happened in the past when Wall St. didn't get it's way quickly (or had it's interests seriously threatened)?  That's partly the lense that I view last fall's meltdown through.  Could it be time to look out below?

Thu, 11/19/2009 - 15:12 | 136086 Andrei Vyshinsky
Andrei Vyshinsky's picture

It is enough that the people know there was an election. The people who cast the votes decide nothing. The people who count the votes decide everything.... Josef Stalin

Ron Paul would seem not to grasp the above principle. At 70 + years of age, he really ought to start to try.

Thu, 11/19/2009 - 15:13 | 136089 D.O.D.
D.O.D.'s picture

Certainly you realize that it's all in how you cast your vote.  I'm sure Stalin realized that too.

Thu, 11/19/2009 - 15:35 | 136131 Andrei Vyshinsky
Andrei Vyshinsky's picture

Well, one thing's clear, that if Stalin had ever invited a fool like Paul to one of his evening dinners at the Kremlin together with selected members of the Politboro, initially he would have given him free reign to express himself in the dinner conversation. He might even have showcased Paul while doing so. Deceived into the impression that his viewpoint was being tolerated, Paul would have been lured into a false sence of security. Only then would Stalin have moved against him, arresting and interrogating him and eventually seeing to his trial and execution. Something similar awaits Paul's legislation, already gutted into meaninglessness at this point. As to Paul himself, he is entertainment to the ruling clique.

Thu, 11/19/2009 - 15:41 | 136143 D.O.D.
D.O.D.'s picture

touche'

And it's very likely had Spock not saved Kirks' life on Vulcan, Scotty would have made it to be Admiral. 

Thu, 11/19/2009 - 15:41 | 136144 cougar_w
cougar_w's picture

And whoever planted the warfarin in Stalin's evening meal was voting, too. And in that moment undid 30 years of opinion making and propaganda in one fatal stroke. Pun intended.

Thu, 11/19/2009 - 16:08 | 136194 Andrei Vyshinsky
Andrei Vyshinsky's picture

And a most awful pun it is, comrade cougar-w. :-)

The drug story is, at best, apocryphal. There we're claimants to be sure, Beria, I believe, but these would now seem to be 99.9% puff. And Beria was shot, of course.

Thu, 11/19/2009 - 15:18 | 136095 Anonymous
Anonymous's picture

jeeze, does frank ever shut up

Thu, 11/19/2009 - 15:19 | 136099 Anonymous
Anonymous's picture

Frank just sold out...

Thu, 11/19/2009 - 15:31 | 136117 MsCreant
MsCreant's picture

"just"

?

Thu, 11/19/2009 - 15:47 | 136155 D.O.D.
D.O.D.'s picture

+1

A Barney Frank classic from '05 -

"What housing bubble?"

http://www.youtube.com/watch?v=iW5qKYfqALE

Thu, 11/19/2009 - 15:48 | 136158 Hephasteus
Hephasteus's picture

I think he mean's bought, took to a picnic spoiled gave everyone samonella and should have been thrown out years ago. But he may be a bit behind on current events.

Thu, 11/19/2009 - 15:23 | 136105 Anonymous
Anonymous's picture

sounds like it

Thu, 11/19/2009 - 15:32 | 136122 SWRichmond
SWRichmond's picture

Grayson was awesome.

Thu, 11/19/2009 - 15:34 | 136127 AnonymousMonetarist
AnonymousMonetarist's picture

Will admit there was a time that I thought Paul was a nutjob.

That time has long passed. 

Thu, 11/19/2009 - 15:34 | 136129 AR
AR's picture

TYLER / Not-with-standing how this vote turns out, you and your staff should be complimented on your efforts in bringing this to the attention of the public.  Good work my friend...

Thu, 11/19/2009 - 15:38 | 136136 faustian bargain
faustian bargain's picture

Frank: "blah blah politics blah blah partisan blah blah not my fault blah..."

Thu, 11/19/2009 - 15:41 | 136142 ReallySparky
ReallySparky's picture

Good Grief, Barney is a freak.

Thu, 11/19/2009 - 15:45 | 136153 cougar_w
cougar_w's picture

Look -- do not look away -- and know true fear.

Thu, 11/19/2009 - 15:43 | 136147 faustian bargain
faustian bargain's picture

Frank is chipping away at the bill up until the end.

Thu, 11/19/2009 - 15:43 | 136149 Jim_Rockford
Jim_Rockford's picture

Thank you Barney Frank for making me realize that this is a totally partisan issue.  Jesus, can that idiot complete one sentence without uttering "Repubwican" or "Democwat"?

Thu, 11/19/2009 - 15:48 | 136159 cougar_w
cougar_w's picture

It's called "identity politics" and works at the macro level, thusly:

There is no "us" there is only "we" and we know who we are. And the rest of you suck.

Thu, 11/19/2009 - 15:51 | 136166 Anonymous
Anonymous's picture

This is why market is down today...message..."don't screw with us or else"

they have us by the balls

Thu, 11/19/2009 - 15:55 | 136173 Jim_Rockford
Jim_Rockford's picture

Be wary of Grayson .... he's not as smart as you think I am....  http://www.clickorlando.com/news/20007006/detail.html

Thu, 11/19/2009 - 15:55 | 136175 Screwball
Screwball's picture

Thanks for the link ZH, this has been highly entertaining.

Thu, 11/19/2009 - 16:09 | 136195 faustian bargain
faustian bargain's picture

what are the odds we'll get a vote at 4pm? just curious if this is a mere formality, or if there's more politics in store.

 

Also what was the procedural answer, I missed it - which thing is being voted on first?

Thu, 11/19/2009 - 16:11 | 136199 Anonymous
Anonymous's picture

Getting only static now. They break for lunch or something?

Thu, 11/19/2009 - 17:08 | 136293 faustian bargain
faustian bargain's picture

i think so...waiting for them to come back on line.

Thu, 11/19/2009 - 16:30 | 136221 koaj
koaj's picture

i would watch, but hearing Bawney speak makes me homocidal

hey assholes in Newton MA, vote this peckerhead out!

Thu, 11/19/2009 - 17:09 | 136295 Anonymous
Anonymous's picture

link to sign a petition against the watt bill and for a full audit

http://action.firedoglake.com/page/s/fedrejectwatt?source=fdlweb1119

Thu, 11/19/2009 - 17:09 | 136297 Anonymous
Anonymous's picture

Fall of the Empire rebirth of the Republic.
End teh FED.

Thu, 11/19/2009 - 17:28 | 136326 Anonymous
Anonymous's picture

I just finished listening to the 1994 tape version of The Creature from Jekyll Island. Its amazing how prophetic it is . It explains everything going on today in the financial system to a T. I encourage everyone to listen to this or buy the book . Its basically the bible for the plutocracy, you know, its god’s work outline.

When you have an hour to sit in a quiet place put it on and listen will full attention. I wish I had remembered it last summer . I would have seen that I forgot the blueprint but they didnt, all a part of their cyclical plan.

http://video.google.com/videoplay?docid=6507136891691870450#docid=-84849...

Pass It on.

Thu, 11/19/2009 - 18:21 | 136418 faustian bargain
faustian bargain's picture

cool, thanks for the link.

Thu, 11/19/2009 - 18:42 | 136461 Anonymous
Anonymous's picture

So did they vote? I can't find any news?

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