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Rep. Paul planning hearing on Fed foreign lending
Reuters ^ | 2011-04-02 | Mark Felsenthal

Posted on 04/02/2011 5:27:34 PM PDT by rabscuttle385

WASHINGTON (Reuters) - Persistent Federal Reserve critic Representative Ron Paul plans to hold a hearing on the U.S. central bank's emergency loans to the branches of non-U.S. banks, his spokeswoman said on Saturday.

"I was surprised and deeply disturbed ... to learn the staggering amount of money that went to foreign banks," Paul said in a statement.

"These lending activities provided no benefit to American taxpayers, the American economy, or even directly to American banks," he said.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Front Page News; Government
KEYWORDS: bailout; bailouts; benbernanke; bernanke; bushlegacy; federalreserve; foreign; idiot; isolationist; lunacy; lunatic; ronpaul; thefed; whathaspauldone
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1 posted on 04/02/2011 5:27:37 PM PDT by rabscuttle385
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To: rabscuttle385

“Arrr, Ron Paul is an isolationist surrender monkey, arrarr!”


2 posted on 04/02/2011 5:37:41 PM PDT by randomhero97 ("First you want to kill me, now you want to kiss me. Blow!" - Ash)
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To: rabscuttle385

Bernanke should resign and Congress should rein in the Fed.


3 posted on 04/02/2011 5:38:08 PM PDT by The Great RJ (The Bill of Rights: Another bill members of Congress haven't read.)
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To: rabscuttle385

To save everybody the effort I will sum up the usual replies.
Whether you hate him or despise him, you still just have to hope he dies a painful death ASAP.


4 posted on 04/02/2011 5:38:55 PM PDT by nkycincinnatikid
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To: The Great RJ

He should go to jail.


5 posted on 04/02/2011 5:41:25 PM PDT by gunsequalfreedom (Conservative is not a label of convenience. It is a guide to your actions.)
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To: The Great RJ

The Fed is a private company/banking cartel and Congress is powerless to do anything to them.

Cue all the Ron Paul haters and Fed lovers.


6 posted on 04/02/2011 5:58:23 PM PDT by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: Frantzie

It isn’t exactly a private company since the president appoints board members. It is better described a fascist-type government/corporate hybrid.


7 posted on 04/02/2011 6:03:00 PM PDT by Captain Kirk
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To: rabscuttle385

There was some strange stuff going on during Bush’s last few months in office....the stimulus bill was bad enough. So, my question is...how much did the foreign banks get from the 2nd stimulus authorized by O.


8 posted on 04/02/2011 6:04:58 PM PDT by HollyB
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To: rabscuttle385

Pure flat out flaming goofyness. If this lending was illegal, it would have never happened. And if it were illegal and it DID happen, let’s hear about the prosecuting authority that will step up to the plate and do something about it. None exists. There are no cops and there is generally no enforcement of law in the financial sphere. Like it or not, all those banks and many *not* on the “A” list accessed Fed credit during the worst of the crisis. The idea that Ron Paul is surprised at this has nothing to do with anything whatsoever except what Ron Paul understands. What does what Ron Paul understands have to do with anything? What does it impact? Ans: nothing.

What’s gonna happen if Mr. Paul has his hearings? Will he understand something better that he doesn’t seem to understand right now? Perhaps. Will new laws be drafted? Perhaps. Why would that be a good thing? Enactment of new law simply provides the sponsors of lobbying efforts charged with drafting those laws another opening to insert exculpatory and exclusionary gobbledygook language that protects them. And what’s worse, any such law will contain exactly zero “or else” clauses. IOW, there will not be any penalties enacted for violating these new laws, so what’s the point of drafting them other to appear busy?

Mr. Paul should spend his time trying to pass laws that say turnips should wear socks. It would have the equivalent effect.


9 posted on 04/02/2011 6:12:11 PM PDT by Attention Surplus Disorder (Which has more wrinkles? Helen Thomas' face or Lawrence O'Donnells' panties?)
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To: Captain Kirk

Yeah sure. Like any real laws exist anymore. The Framers warned us about a Fed and it was snuck past the public in the middle of the night. I am amazed at how naive some people on FR are.

I love how idiots will sell their liberty and their children out for TV personalities. Witness morons defending Beck and O Reilly who are Obama/Al Waleed puppets.


10 posted on 04/02/2011 6:27:30 PM PDT by Frantzie (HD TV - Total Brain-washing now in High Def. 3-D Coming soon)
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To: rabscuttle385

Has he been able to pass any audit the Fed laws?

Or even better End the Fed laws?


11 posted on 04/02/2011 6:52:20 PM PDT by NoLibZone (Impeach Obama & try him for treason / Homosexuals reject diversity / Unions finally caught for theft)
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To: randomhero97

What a joke statement.


12 posted on 04/02/2011 7:01:14 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: randomhero97

Yea,go back to media matters and protest since you love the fed.What did you do in congress this year?NOTHING!


13 posted on 04/02/2011 7:04:44 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: Frantzie
The Fed is a private company/banking cartel

http://www.federalreserve.gov/

14 posted on 04/02/2011 7:14:50 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: rabscuttle385

Do people/retards in America not understand the word,”BROKE”?


15 posted on 04/02/2011 7:18:47 PM PDT by taxtruth (Don't end the fed,jail the fed!)
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To: Frantzie
The Framers warned us about a Fed

Which Framers? The ones who created a Central Bank that was signed into law by George Washington?

and it was snuck past the public in the middle of the night.

After months of debate.

I am amazed at how naive some people on FR are.

But enough about you.

16 posted on 04/02/2011 7:21:17 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: ExTexasRedhead; justiceseeker93

Foreign banks got this money? It’s appalling.


17 posted on 04/02/2011 7:23:58 PM PDT by Clintonfatigued (Muslims are a people of love, peace, and goodwill, and if you say that they aren't, they'll kill you)
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To: Toddsterpatriot

Read “The Creature from Jeckyll Island” to learn about the Fed.


18 posted on 04/02/2011 7:31:12 PM PDT by Jane Long (2 Chron 7:14)
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To: Jane Long

Scariest book I have ever read by far.


19 posted on 04/02/2011 7:33:09 PM PDT by GlockThe Vote (Who needs Al Queda to worry about when we have Obama?)
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To: Jane Long

And when I’m done laughing, what do you imagine I’d learn?


20 posted on 04/02/2011 7:34:36 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: taxtruth

Sorry, I forgot to include the sarcasm tag. lol


21 posted on 04/02/2011 8:26:20 PM PDT by randomhero97 ("First you want to kill me, now you want to kiss me. Blow!" - Ash)
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To: Toddsterpatriot

boy, Toady, can’t thing of anything NEW can you?

What the matter? Your boss has an empty head?
No original thoughts of your own?

You are sooooo boring Toady.


22 posted on 04/02/2011 9:59:01 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: Clintonfatigued

Libyan Owned bank borrowed 73 times from the FED:
http://www.freerepublic.com/focus/f-news/2698129/posts

Read the above link. This is what we and our children will be paying taxes forEVER. It can NEVER be paid back.

Welcome to debt slavery of the central banks.


23 posted on 04/02/2011 10:05:11 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: GlockThe Vote

The idea that the FED was planned for and wanted by the ruling Fascist Socialists of this country is scary.

The Dems wanted this and voted for it, not too much unlike the DeathCare the Dems hold onto now.

The Fascist Socialist Communist Pigs of the Demonrat Party are STILL laying the ground work to FORCE America into Communism.

Fed defenders ARE the COMMUNISTS in my book.


24 posted on 04/02/2011 10:09:06 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers
This is what we and our children will be paying taxes forEVER.

Ummmm......the Fed created money out of thin air, lent it to banks overnight and it was repaid. They even paid interest on the loans. Which ends up being given to the Treasury. There is no money involved that our children will be repaying forever. In fact this reduces the amount our children will be paying (ever so slightly).

It can NEVER be paid back.

These loans were already paid back.

Welcome to debt slavery of the central banks.

Welcome to TruthConfusions fantasy world.

25 posted on 04/02/2011 10:11:34 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Jane Long

Toady is one of the FED defenders who think that they can and have done NO wrong.

He claims he is not a shill. I don’t believe him.
A paid shill wouldn’t admit to it anyway.

And that book is a good read, a real eye opener.


26 posted on 04/02/2011 10:12:31 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: Toddsterpatriot

No, Toady, welcome to the web of lies that to keep people enslaved into an unpayable debt, an unsustainable debt, for them and their children.

Pukeface Toady.


27 posted on 04/02/2011 10:14:43 PM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

28 posted on 04/02/2011 10:17:57 PM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot; Admin Moderator; darkwing104
Can we ban this troll (Toddsterpatriot) already?

Thanks.
29 posted on 04/02/2011 10:48:21 PM PDT by Minus_The_Bear
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To: rabscuttle385

It is becoming crystal clear that in order to regain control of our country we need to ban all Ivy League graduates from government and financial positions. And we used to think the inner city was the breeding ground for criminals! Rank amateurs compared to these arrogant b@stards.


30 posted on 04/02/2011 11:13:53 PM PDT by Cyman
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To: rabscuttle385

Hearings are for obtaining votes.

Do something Paul.

What has he done to stop the fed?

Which law can he point to on the books that helps us get rid of the fed?

Just Do it!


31 posted on 04/03/2011 12:03:58 AM PDT by NoLibZone (Impeach Obama & try him for treason / Homosexuals reject diversity / Unions finally caught for theft)
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To: Minus_The_Bear

32 posted on 04/03/2011 6:46:27 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot
And for another view of the Fed....

The Origins of the Federal Reserve

And some additional reading....

The Creature from Jekyll Island: A Second Look at the Federal Reserve , by G. Edward Griffin

Sunlight is the best disinfectant :)

33 posted on 04/03/2011 6:51:37 AM PDT by mewzilla (Were members of both political parties in on the Lockerbie bomber deal?)
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To: mewzilla
And on a related note....

Bank freed from US sanctions despite Libya's major stake

34 posted on 04/03/2011 6:54:07 AM PDT by mewzilla (Were members of both political parties in on the Lockerbie bomber deal?)
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To: mewzilla
And some additional reading....

Thanks, Ed is funny.

Sunlight is the best disinfectant :)

Laughter is the best medicine.

35 posted on 04/03/2011 6:57:03 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: mewzilla
Op-Ed: Yuck — What the Federal Reserve did with all that money

Bernie Sanders' 3/31 Letter to Bernanke and Geithner

36 posted on 04/03/2011 7:01:12 AM PDT by mewzilla (Were members of both political parties in on the Lockerbie bomber deal?)
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To: mewzilla
Wells Fargo Jet Makes Mystery Flight Into Libya

From the Iranian gov't press....

Mystery US jet enters Libya prior to UN vote on no-fly zone

37 posted on 04/03/2011 7:08:05 AM PDT by mewzilla (Were members of both political parties in on the Lockerbie bomber deal?)
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To: Captain Kirk
It isn’t exactly a private company since the president appoints board members. It is better described a fascist-type government/corporate hybrid.

The Fed is something like FRE and FNM - corporate/government hybrids where decisions are made outside the purview of the electorate that result in privatized gains for a few and socialized losses for all taxpayers. The Fed is far worse as their actions destroy the dollar and it is all kept secret (except for insiders). You think the decisions they make aren't discussed and cleared beforehand through the for profit banks like Goldman? The entire system is corrupt and we're the saps.

38 posted on 04/03/2011 7:14:54 AM PDT by apoliticalone (Conservatism is about putting the USA first, not international bankers and corporations)
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To: Cyman

There is commonality in the demographics of these thieves and decision makers and very few haven’t been indoctrinated by the California or NYC NE Ivy League culture. They do not represent the culture and general demographics of the USA, especially rural and the mid west.


39 posted on 04/03/2011 7:20:02 AM PDT by apoliticalone (Conservatism is about putting the USA first, not international bankers and corporations)
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To: Captain Kirk

Of course the FED is fascist. It was the fascist Dems who passed it into being in 1913. Fascism was cool, then.

Not unlike the fascist Dems passing DeathCare.
That is fascist too. Deciding who lives and dies.

The FED defenders, in my book, are defending fascism.


40 posted on 04/03/2011 7:26:08 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: NoLibZone
Do something Paul.

What has he done to stop the fed?

He hasn't. He just talks a lot.

And some of it actually sounds good.

But Ron Paul has demonstrated that he is all talk.

And his worshipers fall all over themselves at the sound of his voice and think that life in the US is being restored by Paul's very utterances.

41 posted on 04/03/2011 7:30:24 AM PDT by Allegra (Hey! Stop looking at my tagline like that.)
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To: Toddsterpatriot

Why Toady, you must be gay.

Nothing better to do on a Saturday night?
NO girlfriend? NO wife? Complete social nerd, eh?

You don’t have the guts or the brains to engage in real debate.


42 posted on 04/03/2011 7:31:01 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: TruthConquers

I thought the cramps were making you irrational, but now I realize that you were always irrational.


43 posted on 04/03/2011 7:32:59 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: apoliticalone

That is accurate.

When you look at the history of implementing public schools in this country, it was done by a small group of people who had sent their children to Germany to get advanced degrees not offered here. Those children became government employees or ran for government offices.

It continues to this very day. A majority of our judges, top government officials, representatives and lawyers, came from only FIVE colleges. FIVE!!!

The created a structure that has kept them in power since the public school movement of the 1850’s.

They have NOT represented the citizens of this country for a very long time.


44 posted on 04/03/2011 7:37:34 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: Toddsterpatriot

Like I said, YOU can’t debate the issues.

Of course the FED is fascist. It was the fascist Dems who passed it into being in 1913. Fascism was cool, then.

Not unlike the fascist Dems passing DeathCare.
That is fascist too. Deciding who lives and dies.

The FED defenders, in my book, are defending fascism.

Toady is a lying FASCIST COMMIE TOADY.


45 posted on 04/03/2011 7:42:29 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: Toddsterpatriot
That may have very well happened. However, until I actually see some accounting sheets on the Feds part I remain highly skeptical.

I don't completely trust the Fed and for sure as hell don't trust Congress so what a conundrum that creates.
46 posted on 04/03/2011 7:44:06 AM PDT by randomhero97 ("First you want to kill me, now you want to kiss me. Blow!" - Ash)
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To: TruthConquers

Sorry that the facts I post conflict with your feelings.


47 posted on 04/03/2011 7:45:00 AM PDT by Toddsterpatriot (Math is hard. Harder if you're stupid.)
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To: Toddsterpatriot

You STILL don’t know HOW to debate, loser.


48 posted on 04/03/2011 7:53:12 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: randomhero97

That is what I keep saying.

Why should we trust the FED?

Why should we trust the Government?

Why should we trust judges?

When the people in power blow off laws they don’t like, and then except US to still follow them, and believe everything else they say,...

I say, I DON’T BELIEVE THEM.


49 posted on 04/03/2011 7:55:53 AM PDT by TruthConquers (Delendae sunt publicae scholae)
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To: rabscuttle385

If no one is put on trial and convicted, this amounts to nothing but a smoke and morrors show. =.=


50 posted on 04/03/2011 8:01:13 AM PDT by cranked
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