Another punch to the faces of Transparency and Oversight

[bamacre]

http://www.huffingtonpost.com/...-show-fe_n_200515.html

Not that anyone should be shocked, but it looks like Ron Paul's Federal Reserve Transparency Act of 2009 which removes the limitations of the auditing of the Federal Reserve, is being "neutered" by Republican Senator Richard Shelby.

From what I hear, the loony rhetoric being used by those who oppose the bill is that it calls for too much intervention into the free market. This is ridiculous, for at least two reasons. One, the Federal Reserve isn't part of the free market, it could be argued it is a 4th branch of federal government. And two, the ideas behind central banks do not stem from free market capitalism, but from central planning.

 

[techs]

Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

 

[bamacre]

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

So regulation is fine and dandy for private corporations, but transparency and oversight of governmental organizations like the Federal Reserve is bad? Of course when they tried to look closely at Fannie and Freddie, the Democrats stood in the way of that, too, so I shouldn't be shocked at your response.

http://www.lewrockwell.com/paul/paul128.html

BTW, Ron Paul, as well as many other Austrian economists like James Grant and Peter Schiff, saw this mess coming. To blame them or their beliefs for this mess is not only totally irresponsible, but completely ignorant. Of course anyone who is familiar with you finds neither surprising I am sure.

 

[Hacp]

Originally posted by: bamacre
http://www.huffingtonpost.com/...-show-fe_n_200515.html

Not that anyone should be shocked, but it looks like Ron Paul's Federal Reserve Transparency Act of 2009 which removes the limitations of the auditing of the Federal Reserve, is being "neutered" by Republican Senator Richard Shelby.

From what I hear, the loony rhetoric being used by those who oppose the bill is that it calls for too much intervention into the free market. This is ridiculous, for at least two reasons. One, the Federal Reserve isn't part of the free market, it could be argued it is a 4th branch of federal government. And two, the ideas behind central banks do not stem from free market capitalism, but from central planning.

Ron Paul is a wacko. Why won't he just go away?

 

[BoberFett]

Originally posted by: Hacp
Ron Paul is a wacko. Why won't he just go away?

We keep saying the same thing about you but you're still here.

 

[BoberFett]

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

So wait, are you for regulation or against? This bill is about oversight of the Federal Reserve.

Why are you concerned about oversight of little banks while apparently not caring at all about the transparency of the largest bank in the country?

Are you a hypocrite or stupid?

bamacre, you should probably add a poll to this thread.

I am
1) supportive of Fed Reserve oversight
2) a hypocrite
3) stupid

My guess is that most people will pick 2 or 3. Too bad they can't vote for both.

 

[theeedude]

The jig is up. The Fed is wondering why the rate curve is steepening? Here is a hint, investors don't trust you. You want less transparency, fine, but that is going to be more uncertainty premium priced into interest rates lenders demand.

 

[cubby1223]

Originally posted by: BoberFett

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

So wait, are you for regulation or against? This bill is about oversight of the Federal Reserve.

He's just on auto-pilot mode, slapping together any anti-Republican sentence he can without any thought to the context. I mean, just read his signature. He's not interested in discussion.


And as with most everything that gets posted on this dismal forum, I'm sure there's a lot more behind both sides of this issue that what is presented by Huffington. Not really worth commenting on something, blaming people, without really understanding this in depth.

 

[Jaskalas]

Shelby protecting big government. That?s very disappointing.

 

[Cuda1447]

Why do people say Ron Paul is a wacko? Because he has ideas outside of the norm? To me that says he is one of the few willing to say what probably needs to be said. Everytime I see someone respond with "Ron Paul is crazy" I just think, damn... do you have anything to back that up, or are you just mad he actually makes sense and makes both R's and D's look like bastards.


Yes, of course the Fed Reserve should have oversight. If there is anyone in this country I don't trust, its government run organizations. Waaaaaaaaay more so than private organizations.

 

[MotF Bane]

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

You enjoy your ignorance, don't you?

 

[RyanPaulShaffer]

Originally posted by: BoberFett

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

So wait, are you for regulation or against? This bill is about oversight of the Federal Reserve.

Why are you concerned about oversight of little banks while apparently not caring at all about the transparency of the largest bank in the country?

Are you a hypocrite or stupid?

bamacre, you should probably add a poll to this thread.

I am
1) supportive of Fed Reserve oversight
2) a hypocrite
3) stupid

My guess is that most people will pick 2 or 3. Too bad they can't vote for both.

This made me :laugh: Thanks for the early morning humor! :thumbsup:

 

[Mani]

Grassley sounds like a tool. I see no good reason whatsoever to obstruct transparency here.

 

[Jaskalas]

Originally posted by: Mani
Grassley sounds like a tool. I see no good reason whatsoever to obstruct transparency here.

An ideological opposition to checks and balances is a good reason.

 

[Shuxclams]

Originally posted by: BoberFett

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

So wait, are you for regulation or against? This bill is about oversight of the Federal Reserve.

Why are you concerned about oversight of little banks while apparently not caring at all about the transparency of the largest bank in the country?

Are you a hypocrite or stupid?

bamacre, you should probably add a poll to this thread.

I am
1) supportive of Fed Reserve oversight
2) a hypocrite
3) stupid

My guess is that most people will pick 2 or 3. Too bad they can't vote for both.

Hi stupid hypocrite. ;-) Wasn't the OP about GOP limiting the cookoo's House proposal?

I find it odd myself why it would be watered down. Almost all the House GOP and a few DEM are cosigners... Oversight and Transparency please - no brainer here.


SHUX

 

[halik]

Originally posted by: bamacre
http://www.huffingtonpost.com/...-show-fe_n_200515.html

Not that anyone should be shocked, but it looks like Ron Paul's Federal Reserve Transparency Act of 2009 which removes the limitations of the auditing of the Federal Reserve, is being "neutered" by Republican Senator Richard Shelby.

From what I hear, theloony rhetoric being used by those who oppose the bill is that it calls for too much intervention into the free market. This is ridiculous, for at least two reasons. One, the Federal Reserve isn't part of the free market, it could be argued it is a 4th branch of federal government. And two, the ideas behind central banks do not stem from free market capitalism, but from central planning.

Oh the ironing...

 

[LegendKiller]

Ohh gawd, not this retarded thing again.

Too bad the Fed is already audited by the GAO and the most important parts, namely the balance sheet, are done annually.

Also, the carve outs that RP wants to get rid of are carve outs for the GAO, not Congress. Congress can do/ask what it wants, when it wants, where it wants. It always has had that ability and always will.

The bill is nothing more than political blowjobbery.

 

[Robor]

Originally posted by: BoberFett

Originally posted by: techs
Let me get this straight. After what we learned happens in unregulated markets over the past 6 months, Ron Paul is still someone we should care about?

/not

So wait, are you for regulation or against? This bill is about oversight of the Federal Reserve.

Why are you concerned about oversight of little banks while apparently not caring at all about the transparency of the largest bank in the country?

Are you a hypocrite or stupid?

bamacre, you should probably add a poll to this thread.

I am
1) supportive of Fed Reserve oversight
2) a hypocrite
3) stupid

My guess is that most people will pick 2 or 3. Too bad they can't vote for both.

This is gold!!! :laugh:

 

[BurnItDwn]

Originally posted by: Cuda1447
Why do people say Ron Paul is a wacko? Because he has ideas outside of the norm? To me that says he is one of the few willing to say what probably needs to be said. Everytime I see someone respond with "Ron Paul is crazy" I just think, damn... do you have anything to back that up, or are you just mad he actually makes sense and makes both R's and D's look like bastards.


Yes, of course the Fed Reserve should have oversight. If there is anyone in this country I don't trust, its government run organizations. Waaaaaaaaay more so than private organizations.

It's not that his ideas are outside the norm, it's that some of his "great new ideas" are simply bad and dangerous, and we'd learned in the past not to repeat them. (for instance, bringing back a gold standard.)

 

[JeffreyLebowski]

Originally posted by: Cuda1447
Why do people say Ron Paul is a wacko? Because he has ideas outside of the norm? To me that says he is one of the few willing to say what probably needs to be said. Everytime I see someone respond with "Ron Paul is crazy" I just think, damn... do you have anything to back that up, or are you just mad he actually makes sense and makes both R's and D's look like bastards.


Yes, of course the Fed Reserve should have oversight. If there is anyone in this country I don't trust, its government run organizations. Waaaaaaaaay more so than private organizations.

It's because the truth hurts. People don't want to hear that America is in a bad way and that drastic changes would have to be made to fix out system, which is what Ron Paul mentions. People laughed at him when he went on about the scam that is the Federal Reserve, and going back to the gold standard. Now more and more people are seeing the light and finding out that the Federal Reserve really isn't federal, it's private.
When our currency takes a dump in the toilet and we barter in toilet paper because it will be worth more than out cash, having our money backed in gold and silver wouldn't seem such a bad idea at the time.

 

[Mani]

Originally posted by: Jaskalas

Originally posted by: Mani
Grassley sounds like a tool. I see no good reason whatsoever to obstruct transparency here.

An ideological opposition to checks and balances is a good reason.

Wait, opposition to checks and balances is a good reason? Hope my sarcasm meter is just broken.

 

[Cuda1447]

Originally posted by: JeffreyLebowski

Originally posted by: Cuda1447
Why do people say Ron Paul is a wacko? Because he has ideas outside of the norm? To me that says he is one of the few willing to say what probably needs to be said. Everytime I see someone respond with "Ron Paul is crazy" I just think, damn... do you have anything to back that up, or are you just mad he actually makes sense and makes both R's and D's look like bastards.


Yes, of course the Fed Reserve should have oversight. If there is anyone in this country I don't trust, its government run organizations. Waaaaaaaaay more so than private organizations.

It's because the truth hurts. People don't want to hear that America is in a bad way and that drastic changes would have to be made to fix out system, which is what Ron Paul mentions. People laughed at him when he went on about the scam that is the Federal Reserve, and going back to the gold standard. Now more and more people are seeing the light and finding out that the Federal Reserve really isn't federal, it's private.
When our currency takes a dump in the toilet and we barter in toilet paper because it will be worth more than out cash, having our money backed in gold and silver wouldn't seem such a bad idea at the time.

Interesting post, considering the person above you just commented at how ludicrous that idea was. I'll be honest, I'm not intelligent enough to know if thats a good idea.