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Conscious Flow Radio


Tuesday, June 30, 2009

Mr. Sunshine? Ron Paul Wins Support to Audit Fed Reserve

The feisty congressman from Texas, whose insurgent "Ron Paul Revolution" presidential campaign rankled Republican leaders last year, now has the GOP House leadership on his side -- backing a measure that generated paltry support when he first introduced it 26 years ago.
With the Federal Reserve holding interest rates at rock-bottom levels, pumping trillions into the economy and now poised to have new powers to oversee the financial system under President Obama's proposed regulatory overhaul, Paul said lawmakers want transparency.
"If they give them a lot more power and there's no more transparency, that'll be a disaster," he said.