Wednesday, June 10, 2009
‘We can’t afford these wars................
Congressman Dennis Kucinich (D-OH), known as a strong advocate for peace, took to the House floor Wednesday morning to argue against the war supplemental. “The White House’s ever-expanding wartime spending bill could soon exceed $105 billion even as President Barack Obama remains stymied by divisions in Congress and a set of terrorism-related issues that have strained relations in his own party,” Politico reported Tuesday...Link
Fed Would Be Shut Down If It Were Audited...
The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC. With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other institutions, Grant said in a live interview...Link
Tuesday, June 9, 2009
HR 1207 Now Up To 207 co-sponsors!.......
Title: To amend title 31, United States Code, to reform the manner in which the Board of Governors of the Federal Reserve System is audited by the Comptroller General of the United States and the manner in which such audits are reported, and for other purposes.
House committee subpoenas Federal Reserve.
The congressional panel investigating what happened to all that bank bailout money has issued a subpoena to the Federal Reserve, asking them to hand over all documents relating to the takeover of Merrill Lynch by the Bank of America...Link
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