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man, that's a long shot, but i hope that it happens. not holding my breath
Ron Paul's Bill Has 213 Co-Sponsors!
Audit of Federal Reserve nearing critical mass
Rep. Paul plan has 213 co-sponsors in 435-member U.S. House
Posted: June 11, 2009
By Bob Unruh
© 2009 WorldNetDaily
A plan by U.S. Rep. Ron Paul, R-Texas, to audit the Federal Reserve today lacks only a handful of signatures on a list of co-sponsors to hold a majority in the U.S. House.
Officials with Paul's office have confirmed to WND there now are 213 cosponsors signed onto H.R. 1207, the Federal Reserve Transparency Act of 2009 that demands an audit of the organization.
Paul long has opposed the power held by the Federal Reserve and its ability to manipulate the nation's economy and over the years has launched multiple proposals to get rid of the quasi-governmental agency, without significant support.
(Story continues below)
http://www.facebook.com/ext/share.ph...u=Su4F0&ref=nf
man, that's a long shot, but i hope that it happens. not holding my breath
It's not a long shot in the House, they probably already have the votes.
Never gonna happen.
What's not gonna happen?
audit the Federal Reserve
Audit the Fed Bill Reaches 218+
Audit the Fed Bill Reaches Crucial Benchmark
Washington, D.C. - Congressman Ron Paul's Federal Reserve Transparency Act, HR 1207, has reached and surpassed the level of 218 cosponsors in the House of Representatives, which means it is now cosponsored by a majority of the members.
The 218th cosponsor was Dennis Kucinich (OH-10), and the bill has since received its 222nd cosponsor.
"The tremendous grass-roots and bipartisan support in Congress for HR 1207 is an indicator of how mainstream America is fed up with Fed secrecy," said Congressman Paul. "I look forward to this issue receiving greater public exposure."
Hearings on Federal Reserve transparency are expected within the next month, as part of the Financial Services Committee's series of hearings on regulatory reform.
http://digg.com/d1tZyG
Well, Thomas gets updated daily and has 208 cosponsors listed:
Rep Abercrombie, Neil [HI-1] - 2/26/2009
Rep Aderholt, Robert B. [AL-4] - 5/6/2009
Rep Adler, John H. [NJ-3] - 5/6/2009
Rep Akin, W. Todd [MO-2] - 3/19/2009
Rep Alexander, Rodney [LA-5] - 3/10/2009
Rep Altmire, Jason [PA-4] - 5/20/2009
Rep Austria, Steve [OH-7] - 5/6/2009
Rep Bachmann, Michele [MN-6] - 2/26/2009
Rep Bachus, Spencer [AL-6] - 4/29/2009
Rep Baldwin, Tammy [WI-2] - 4/21/2009
Rep Barrett, J. Gresham [SC-3] - 4/28/2009
Rep Barrow, John [GA-12] - 5/12/2009
Rep Bartlett, Roscoe G. [MD-6] - 2/26/2009
Rep Barton, Joe [TX-6] - 5/4/2009
Rep Berkley, S ey [NV-1] - 5/21/2009
Rep Berry, Marion [AR-1] - 5/20/2009
Rep Biggert, Judy [IL-13] - 4/28/2009
Rep Bilbray, Brian P. [CA-50] - 4/21/2009
Rep Bilirakis, Gus M. [FL-9] - 5/4/2009
Rep Bishop, Rob [UT-1] - 4/21/2009
Rep Blackburn, Marsha [TN-7] - 3/16/2009
Rep Blunt, Roy [MO-7] - 3/24/2009
Rep Boehner, John A. [OH-8] - 6/10/2009
Rep Bonner, Jo [AL-1] - 6/9/2009
Rep Bono Mack, Mary [CA-45] - 4/29/2009
Rep Boozman, John [AR-3] - 5/7/2009
Rep Boswell, Leonard L. [IA-3] - 6/9/2009
Rep Boustany, Charles W., Jr. [LA-7] - 5/13/2009
Rep Brady, Kevin [TX-8] - 4/22/2009
Rep Broun, Paul C. [GA-10] - 2/26/2009
Rep Brown, Henry E., Jr. [SC-1] - 4/28/2009
Rep Brown-Waite, Ginny [FL-5] - 5/20/2009
Rep Buchanan, Vern [FL-13] - 3/17/2009
Rep Burgess, Michael C. [TX-26] - 3/19/2009
Rep Burton, Dan [IN-5] - 2/26/2009
Rep Buyer, Steve [IN-4] - 4/30/2009
Rep Calvert, Ken [CA-44] - 4/29/2009
Rep Campbell, John [CA-48] - 5/4/2009
Rep Capito, S ey Moore [WV-2] - 4/1/2009
Rep Carney, Christopher P. [PA-10] - 6/9/2009
Rep Carter, John R. [TX-31] - 3/31/2009
Rep Cassidy, Bill [LA-6] - 5/4/2009
Rep Castle, Michael N. [DE] - 3/17/2009
Rep Chaffetz, Jason [UT-3] - 3/6/2009
Rep Childers, Travis [MS-1] - 6/9/2009
Rep Cole, Tom [OK-4] - 4/21/2009
Rep Conaway, K. Michael [TX-11] - 5/7/2009
Rep Crenshaw, Ander [FL-4] - 5/4/2009
Rep Culberson, John Abney [TX-7] - 3/26/2009
Rep Davis, Geoff [KY-4] - 5/6/2009
Rep Deal, Nathan [GA-9] - 3/23/2009
Rep DeFazio, Peter A. [OR-4] - 3/9/2009
Rep Dent, Charles W. [PA-15] - 5/6/2009
Rep Doggett, Lloyd [TX-25] - 4/21/2009
Rep Dreier, David [CA-26] - 6/10/2009
Rep Duncan, John J., Jr. [TN-2] - 3/6/2009
Rep Ehlers, Vernon J. [MI-3] - 4/21/2009
Rep Fallin, Mary [OK-5] - 4/2/2009
Rep Flake, Jeff [AZ-6] - 5/11/2009
Rep Fleming, John [LA-4] - 3/18/2009
Rep Forbes, J. Randy [VA-4] - 5/20/2009
Rep Fortenberry, Jeff [NE-1] - 5/12/2009
Rep Foxx, Virginia [NC-5] - 3/10/2009
Rep Franks, Trent [AZ-2] - 3/23/2009
Rep Frelinghuysen, Rodney P. [NJ-11] - 6/3/2009
Rep Garrett, Scott [NJ-5] - 3/5/2009
Rep Gerlach, Jim [PA-6] - 5/11/2009
Rep Gingrey, Phil [GA-11] - 3/30/2009
Rep Gohmert, Louie [TX-1] - 4/23/2009
Rep Goodlatte, Bob [VA-6] - 4/28/2009
Rep Granger, Kay [TX-12] - 4/28/2009
Rep Graves, Sam [MO-6] - 4/22/2009
Rep Grayson, Alan [FL-8] - 3/11/2009
Rep Grijalva, Raul M. [AZ-7] - 6/3/2009
Rep Guthrie, Brett [KY-2] - 5/7/2009
Rep Hall, Ralph M. [TX-4] - 4/29/2009
Rep Halvorson, Deborah L. [IL-11] - 6/3/2009
Rep Hare, Phil [IL-17] - 5/11/2009
Rep Harper, Gregg [MS-3] - 5/11/2009
Rep Hastings, Doc [WA-4] - 5/11/2009
Rep er, Dean [NV-2] - 3/6/2009
Rep Hensarling, Jeb [TX-5] - 5/4/2009
Rep Herger, Wally [CA-2] - 4/21/2009
Rep Herseth Sandlin, Stephanie [SD] - 5/6/2009
Rep Hinchey, Maurice D. [NY-22] - 6/2/2009
Rep Hoekstra, Peter [MI-2] - 4/28/2009
Rep Holden, Tim [PA-17] - 6/4/2009
Rep Hunter, Duncan D. [CA-52] - 5/13/2009
Rep Inglis, Bob [SC-4] - 4/23/2009
Rep Inslee, Jay [WA-1] - 5/12/2009
Rep Jenkins, Lynn [KS-2] - 4/23/2009
Rep Johnson, Henry C. "Hank," Jr. [GA-4] - 6/9/2009
Rep Johnson, Sam [TX-3] - 4/22/2009
Rep Johnson, Timothy V. [IL-15] - 4/23/2009
Rep Jones, Walter B., Jr. [NC-3] - 2/26/2009
Rep Jordan, Jim [OH-4] - 6/2/2009
Rep Kagen, Steve [WI-8] - 2/26/2009
Rep Kaptur, Marcy [OH-9] - 4/23/2009
Rep King, Peter T. [NY-3] - 6/4/2009
Rep Kingston, Jack [GA-1] - 3/6/2009
Rep Kline, John [MN-2] - 4/29/2009
Rep Kratovil, Frank, Jr. [MD-1] - 6/4/2009
Rep Lamborn, Doug [CO-5] - 4/21/2009
Rep Lance, Leonard [NJ-7] - 5/11/2009
Rep Latham, Tom [IA-4] - 4/21/2009
Rep LaTourette, Steven C. [OH-14] - 4/28/2009
Rep Latta, Robert E. [OH-5] - 5/20/2009
Rep Lee, Christopher J. [NY-26] - 6/10/2009
Rep Linder, John [GA-7] - 5/6/2009
Rep Lipinski, Daniel [IL-3] - 6/4/2009
Rep LoBiondo, Frank A. [NJ-2] - 5/4/2009
Rep Loebsack, David [IA-2] - 6/10/2009
Rep Lucas, Frank D. [OK-3] - 4/21/2009
Rep Luetkemeyer, Blaine [MO-9] - 4/21/2009
Rep Lummis, Cynthia M. [WY] - 3/19/2009
Rep Lungren, Daniel E. [CA-3] - 5/7/2009
Rep Mack, Connie [FL-14] - 5/12/2009
Rep Maffei, Daniel B. [NY-25] - 5/12/2009
Rep Manzullo, Donald A. [IL-16] - 4/21/2009
Rep Marchant, Kenny [TX-24] - 3/11/2009
Rep Massa, Eric J. J. [NY-29] - 4/22/2009
Rep McCarthy, Kevin [CA-22] - 5/4/2009
Rep McCaul, Michael T. [TX-10] - 4/21/2009
Rep McClintock, Tom [CA-4] - 3/6/2009
Rep McCotter, Thaddeus G. [MI-11] - 3/19/2009
Rep McDermott, Jim [WA-7] - 4/29/2009
Rep McGovern, James P. [MA-3] - 6/10/2009
Rep McHenry, Patrick T. [NC-10] - 4/30/2009
Rep McHugh, John M. [NY-23] - 5/4/2009
Rep McIntyre, Mike [NC-7] - 6/10/2009
Rep McMorris Rodgers, Cathy [WA-5] - 5/4/2009
Rep Mica, John L. [FL-7] - 5/12/2009
Rep Michaud, Michael H. [ME-2] - 5/7/2009
Rep Miller, Candice S. [MI-10] - 4/28/2009
Rep Miller, Gary G. [CA-42] - 6/10/2009
Rep Miller, Jeff [FL-1] - 3/24/2009
Rep Minnick, Walter [ID-1] - 5/13/2009
Rep Mitc , Harry E. [AZ-5] - 6/9/2009
Rep Moran, Jerry [KS-1] - 5/4/2009
Rep Murphy, Patrick J. [PA-8] - 6/9/2009
Rep Murphy, Tim [PA-18] - 4/29/2009
Rep Myrick, Sue Wilkins [NC-9] - 4/28/2009
Rep Neugebauer, Randy [TX-19] - 4/30/2009
Rep Olson, Pete [TX-22] - 4/21/2009
Rep Ortiz, Solomon P. [TX-27] - 5/14/2009
Rep Pascrell, Bill, Jr. [NJ-8] - 6/9/2009
Rep Pastor, Ed [AZ-4] - 5/20/2009
Rep Paulsen, Erik [MN-3] - 3/30/2009
Rep Pence, Mike [IN-6] - 4/21/2009
Rep Perlmutter, Ed [CO-7] - 6/10/2009
Rep Perriello, Thomas S.P. [VA-5] - 5/13/2009
Rep Peterson, Collin C. [MN-7] - 3/19/2009
Rep Petri, Thomas E. [WI-6] - 3/10/2009
Rep Pitts, Joseph R. [PA-16] - 4/28/2009
Rep Platts, Todd Russell [PA-19] - 3/19/2009
Rep Poe, Ted [TX-2] - 2/26/2009
Rep Posey, Bill [FL-15] - 2/26/2009
Rep Price, Tom [GA-6] - 3/10/2009
Rep Putnam, Adam H. [FL-12] - 4/28/2009
Rep Radanovich, George [CA-19] - 5/6/2009
Rep Rehberg, Denny [MT] - 2/26/2009
Rep Reichert, David G. [WA-8] - 5/20/2009
Rep Roe, David P. [TN-1] - 4/21/2009
Rep Rogers, Mike D. [AL-3] - 5/13/2009
Rep Rogers, Mike J. [MI-8] - 5/20/2009
Rep Rohrabacher, Dana [CA-46] - 3/6/2009
Rep Rooney, Thomas J. [FL-16] - 4/22/2009
Rep Ros-Lehtinen, Ileana [FL-18] - 4/28/2009
Rep Roskam, Peter J. [IL-6] - 6/2/2009
Rep Ross, Mike [AR-4] - 5/21/2009
Rep Royce, Edward R. [CA-40] - 5/12/2009
Rep Ryan, Paul [WI-1] - 5/14/2009
Rep Scalise, Steve [LA-1] - 5/20/2009
Rep Schakowsky, Janice D. [IL-9] - 5/6/2009
Rep Schauer, Mark H. [MI-7] - 5/20/2009
Rep Schock, Aaron [IL-18] - 5/6/2009
Rep Sensenbrenner, F. James, Jr. [WI-5] - 5/7/2009
Rep Sessions, Pete [TX-32] - 3/23/2009
Rep Shadegg, John B. [AZ-3] - 5/7/2009
Rep Shea-Porter, Carol [NH-1] - 6/9/2009
Rep Shimkus, John [IL-19] - 4/22/2009
Rep Shuster, Bill [PA-9] - 5/7/2009
Rep Simpson, Michael K. [ID-2] - 4/28/2009
Rep Smith, Adam [WA-9] - 4/22/2009
Rep Smith, Adrian [NE-3] - 4/28/2009
Rep Smith, Lamar [TX-21] - 4/2/2009
Rep Stark, Fortney Pete [CA-13] - 3/26/2009
Rep Stearns, Cliff [FL-6] - 3/6/2009
Rep Taylor, Gene [MS-4] - 3/6/2009
Rep Terry, Lee [NE-2] - 3/30/2009
Rep Thompson, Glenn [PA-5] - 4/22/2009
Rep Thornberry, Mac [TX-13] - 5/21/2009
Rep Tiahrt, Todd [KS-4] - 4/28/2009
Rep Tiberi, Patrick J. [OH-12] - 4/28/2009
Rep Tonko, Paul D. [NY-21] - 6/9/2009
Rep Turner, Michael R. [OH-3] - 5/13/2009
Rep Upton, Fred [MI-6] - 4/29/2009
Rep Walden, Greg [OR-2] - 5/4/2009
Rep Walz, Timothy J. [MN-1] - 5/7/2009
Rep Wamp, Zach [TN-3] - 3/16/2009
Rep Welch, Peter [VT] - 5/21/2009
Rep Westmoreland, Lynn A. [GA-3] - 4/2/2009
Rep Whitfield, Ed [KY-1] - 5/14/2009
Rep Wilson, Joe [SC-2] - 4/29/2009
Rep Wittman, Robert J. [VA-1] - 4/1/2009
Rep Woolsey, Lynn C. [CA-6] - 2/26/2009
Rep Young, C.W. Bill [FL-10] - 6/3/2009
Rep Young, Don [AK] - 3/6/2009
Cannot link the results as it is a temporary link based on the search. You have to click on the above link and put a search for H.R. 1207 in.
Fed Would Be Shut Down If It Were Audited, Expert Says
10 Jun 2009
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 ins utions, Grant said in a live interview.
"If the Fed examiners were set upon the Fed's own do ents—unlabeled do ents—to pass judgment on the Fed's capacity to survive the difficulties it faces in credit, it would shut this ins ution down," he said. "The Fed is undercapitalized in a way that Citicorp is undercapitalized."
Grant said he would support legislation currently making its way through Congress calling for an audit of the Fed.
Moreover, he criticized the way the Fed has managed the financial crisis, saying the central bank's target rate should not be around zero.
"I think zero is the wrong rate for almost any economy," Grant said, adding the Fed has "embarked on a vast experiment in moral hazard. Interest rates are the traffic signals in a market economy, and everything's green. ... You have to wonder whether these interest rates are the right clearing rate or rather they are the imposition of a central bank."
Amid a disparity between analysts predicting there will be no rate hikes soon and the fed funds futures indicating tightening by the end of the year, Grant said he thinks the Fed indeed will begin raising rates as inflation creeps into the picture.
Fed funds futures have fully priced in as much as a half-point rise in the target rate from its current range of zero to 0.25 percent.
"If the hairs on the back of your neck stand up when there's too much unanimity of opinion, then one begins to worry about this," he said. "The Fed proverbially has been late."
http://www.cnbc.com/id/31204170
Galileo's comment:
Can we bailout the Fed?
:-)
We're guaranteed Asset Bubble III at this point.
T-bubble? Food/fuel? Legacy assets rebubble?
Thomas is surely more authoritative than Facebook, but it may not be fully up to date if it is only updated 1x daily.
I'm down for this. Let sunshine... well... shine.
Tulips? Perhaps.
Financial sector's $$ go farther in the Senate, where there are fewer s to buy, to block anything the 500+ votes in the House throws up.
Bill passed by House, bill killed by Senate. No law. yawn
Magik Negro's abandonment of transparency and accountability means he could veto the bill anyway.
The last thing the financial sector and their politicians want is to be exposed as crooks, as gaming the system to suck $Ts out of citizens' pockets.
It'll never get past the Senate.
But don't worry, when it comes to government run healthcare everything will work out just fine.
typical lying and fear mongering.
Congress won't run health care.
And govt won't run health care, but will operate an insurance fund.
You can't really abandon something you never carried out.
"Different" politician!
Right. Just like congress doesn't run social security, yet somehow they managed to loot it's trust fund to the tune of $5+ trillion dollars.
I didn't say the 213 was false. The daily update reflects the prior day. I haven't looked yet, but plan to.
Today's update for 6/11 now has 221 Co-sponsors, and probably more from today will be added tomorrow!
we'll see how many of the 222 co-sponsors challenge for Senate seats in the next few election cycles.
Internet news and fundraising continuies to grow.
Go ahead and let them (or the Messiah) try and kill it, and let's see how the 2010 elections work out for them.
Probably about the same as those who opposed Congressman Paul in the last GOP presidential primary fared (not that he was not preferable). Let's be a little realistic about the American electorate circa now.
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