On “The O’Reilly Factor” on Wednesday night, Democrat Rep. Barney Frank dropped a bombshell about the ACORN scandal that has not been disputed by Congressional Republicans – the group received $14.2 million in funding from the Bush administration.
But the question of what the Federal Reserve is doing with trillions of taxpayer dollars makes the ACORN scandal look like peanuts.
For the first time, a hearing is being held on Rep. Ron Paul’s Federal Reserve Transparency Act of 2009 (H.R. 1207) by the House Committee on Financial Services. Grass-roots pressure has been credited with forcing the hearing into what has happened to trillions of dollars supposedly spent by the Federal Reserve on the stabilization of the financial system.
In prepared testimony, Thomas E. Woods, Jr. of the Ludwig von Mises Institute offers his strong support for the bill and declares, “…if our monetary system were really as strong, robust, and beyond criticism as its cheerleaders claim, why does it need to rely so heavily on public ignorance? How can it be a sound banking system that depends on keeping the public in the dark about the condition of its financial institutions?” FULL STORY
But the question of what the Federal Reserve is doing with trillions of taxpayer dollars makes the ACORN scandal look like peanuts.
For the first time, a hearing is being held on Rep. Ron Paul’s Federal Reserve Transparency Act of 2009 (H.R. 1207) by the House Committee on Financial Services. Grass-roots pressure has been credited with forcing the hearing into what has happened to trillions of dollars supposedly spent by the Federal Reserve on the stabilization of the financial system.
In prepared testimony, Thomas E. Woods, Jr. of the Ludwig von Mises Institute offers his strong support for the bill and declares, “…if our monetary system were really as strong, robust, and beyond criticism as its cheerleaders claim, why does it need to rely so heavily on public ignorance? How can it be a sound banking system that depends on keeping the public in the dark about the condition of its financial institutions?” FULL STORY
