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Paul to shake up Monetary committee

Discussion in 'Political Discussion' started by patsfan13, Nov 6, 2010.

  1. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    Promises to open up Fed's books and show how central banks influence business cycle.

    News Headlines
  2. IllegalContact

    IllegalContact On the Roster

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    this is good news
  3. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    Will he order the books on Wall Street and private banks (oxymoron) opened as well? I want everyone who has a large influence on the economy opening their books. If not then why anyone? Keep in mind the luxuries corporations enjoy by existing in the US in the first place...
  4. shirtsleeve

    shirtsleeve Rookie

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    Best news I've heard so far from the new congress coming in.
  5. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The brokerages and Banks have reporting requirements. However the FED is fundamentally different. IT is a public/private entity and set lending rates in a way no other bank can. Apples and Oranges.
  6. shirtsleeve

    shirtsleeve Rookie

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    Not for much longer it seems!
  7. Real World

    Real World Moderator Staff Member

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    As scared as I am of what this could mean, I truly hope he can pull it off. This would be really, really interesting. I could so see a situation where there is massive obstruction by parts of both parties on this, or a worse deal where someone's car just happens to drive off a road in the middle of the night.
  8. shirtsleeve

    shirtsleeve Rookie

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    Yeah, that is something serious to ponder. The establishment on both sides may just not quite be excited at the thought of those books getting opened, then exposed and explained. Still, its not their money. Its our money.
  9. Real World

    Real World Moderator Staff Member

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    All I think of is when the feds raided that Jefferson dude's office a few years back, and found $90k in his freezer. Dems and Pubs were walking in lock step, denouncing the act of raiding a congressmans office. It was the first time I'd seen any of them standing together in agreement, in front of the same camera. It was the establishment at it's best. I can so see that being the case here as well. Too many pockets being lined to allow an audit.
  10. wistahpatsfan

    wistahpatsfan Rookie

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    #75 Jersey

    Good points by Shirt and Real.
  11. patsfan13

    patsfan13 Hall of Fame Poster PatsFans.com Supporter

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    The establishment of BOTH parties fear/hate the Tea Party reformers.
  12. Patters

    Patters Moderator Staff Member PatsFans.com Supporter

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    This is good, too. We're going to start seeing the corporate interests balking. This is very radical stuff that will probably win support from left-wing elements in Congress.
    Last edited: Nov 7, 2010

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