Wednesday, September 9, 2009
Audit the Fed Hearings...................
Congressman Ron Paul informed Campaign for Liberty today that House FinancialServices Committee Chairman Barney Frank will hold hearings on H.R. 1207, Congressman Paul`s bill to audit the Federal Reserve. The hearings are tentatively set to take place Friday, September 25th at 9:00 am. "The Federal Reserve wields tremendous power and is at the center of our current economic storm of deficits, debt and bailouts.Congressman Barney Frank should be commended for his willingness to hold hearings on Fed transparency," said Campaign for Liberty President John Tate...Link
Still Grappling With Foreclosures............
A year ago this week, the financial crisis sent the stock market off a cliff. At the heart of troubles was a plague of bad home loans. Millions of people couldn't pay their mortgages, and banks were losing billions of dollars. The foreclosure mess hasn't improved. The numbers keep getting worse, with foreclosures at record highs and rising, despite a major effort by the Obama administration to prevent them...Link
US actually increasing personnel in Iraq.......
Well, its soldiers are. But not civilian contractors. Despite President Barack Obama's pledge to withdraw US troops from the war-torn country, the US is planning to award contracts to protect US installations at a cost to taxpayers that could near $1 billion. In fact, the Multi-National Force-Iraq just awarded $485 million in contracts just last week, while Congress enjoyed its summer recess. Five firms will handle private security deals to provide security for US bases. It's a neat rhetorical loophole that will allow US officials to say that the country has withdrawn from Iraq, while its contractors remain...Link
Overturning campaign finance laws?........
The Supreme Court heard arguments Wednesday in a case that began with a film attacking Hillary Clinton, but could end up having far-reaching ramifications. The Associated Press notes that the Justices are effectively weighing “whether to allow corporations and labor unions to pay for political campaigns and end a century of legislative efforts to curb such spending.” NBC’s Pete Williams reported that five Justices indicated support for overturning prohibitions on the contributions of corporations and labor unions. The AP reports that “newly seated Justice Sonia Sotomayor jumped right into the questioning. She appeared skeptical about taking the far-reaching step of lifting the ban, a move urged on the court by a lawyer for a group that made the 90-minute movie that sought to undermine Clinton’s presidential ambitions.”..Link
Subscribe to:
Posts (Atom)
