Sunday, December 5, 2010

The Market Ticker - Here Comes The Skulldruggery (Fed)

Well that didn't take long:

It may have taken 34 years, but Ron Paul has arrived, and he doesn't plan to squander the moment. His agenda includes landing the chairmanship of the House Financial Services Committee panel that oversees monetary policya job that will give him the power to push legislation reining in the central bank and to haul Fed governors up to Capitol Hill for hearings.

The prospect has Wall Street, Fed officials, and even Republican House leaders worried that Paul's agenda could roil the markets and make a mockery of the U.S. financial system.

Notice the slant: Ron Paul will make a mockery of the financial system.

Not expose the mockery that is the US Financial system.

No lawmaker on a committee can "make" an industry a mockery of that thing.  That takes the acts of real people in the actual industry.

So what are going to try to do about it?  You already know, right?

Officials at several major banks have privately raised concerns with Republican leaders that, by allowing Paul to become a chairman, his radical views would gain legitimacy, according to three bank lobbyists.

We, of course, have no right to stick a video camera in our Congressman's office.  We should have that right, and we should be able to force him or her to disclose everything said to him or her in an attempt to influence his or her actions.  Exceptions for national security?  Maybe.  But certainly not when it comes to commercial lobbying.

His prediction may be premature. Five GOP leadership aides, speaking anonymously because a decision isn't final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman or to keep him on a tight leash if he does.

Well there you have it.

Is it time to close these banks yet?

After all, we can't seem to find anyone who will bring a Seditious Conspiracy charge against them for the "tanks in the streets" crap that was run in 2008 - even though I'd argue there should be hundreds of Congressfolk and Senators, and literal tens of millions of American citizens, demanding same.

Source: http://market-ticker.org/akcs-www?singlepost=2293851

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