I'm an ounce shy of a rant. I really should be imploding right now. Mel who? Uh, how bout 'ol Mel's website address - http://watt.house.gov/ - watt house? Give me a break. I would comment on that, but Jimmy Carter would crawl all up my butt saying I'm racist. In this time of strife and injustice look no further than this person's actions surrounding this bill, and you'll know where the representative from the bank laden state of North Carolina's heart lies. It lies not with his constituents, or with the best interest of the nation but with his wallet. This is simply insane. It is absolutely an insane action at this time.
Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says from Bloomberg has, “There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.”
Mish has Debt Slave Bait and Audit the Fed Bill Gutted: What You Can Do?. Folks this issue is so important that you have to act. Read this post and GET INVOLVED!
A Less Than Opaque Look At Mel Watt's Motivations To Kill The "Audit The Fed" Bill from Zero Hedge, "There has been lots of speculation on why Representative Mel Watt has done his best to make sure that the Audit the Fed bill will be gutted, and why the Congressman is willing to promote the same irresponsible and unaccountable bubble-inflating behavior that got us to the current Fed-sponsored, bubble-reflation attempt, which is practically guaranteed to end much worse than just a few Goldman competitor banks imploding here and there."
Gotta keep bangin on the Fed folks. in the Zero Hedge post Darrell Issa's Letter To The NY Fed's Bill Dudley Demanding AIG Bailout Disclosure ZH points out, "the letter penned by California Congressman Darrell Issa to New York Fed President Bill Dudley, demanding much more information on the Fed's decision regarding AIG. Issa's quote that "behind closed doors and with no approval from Congress, the FRBNY may have added an additional $13 billion of debt on the backs of taxpayers. These allegations, if true, amount to nothing less than a backdoor bailout of AIG’s creditors, including Goldman Sachs, Merrill Lynch, Société Générale and Deutsche Bank" leaves many open questions as to the true motives of the NY Fed and the Federal Reserve system overall." Please do me a favor and don't let this link Unmask The Fed that I keep posting go to waste.
Please get involved.