AUDIT THE FED hearing to be broadcast live

[LittleLightShining]

Cleaver was a waste. Let's find someone to run against him.

 

[Chester Copperpot]

Scott Garrett! My district .

good for you... i got stuck with pallone!

 

[JamesButabi]

Finally got to this stream..... What did I miss so far? Has Tom Woods spoken yet?

 

[NYgs23]

Will this be recorded and put up on YouTube, etc?

 

[Chester Copperpot]

no tom woods hasnt spoken yet

 

[Chieppa1]

good for you... i got stuck with pallone!

Garrett makes it easy for me to vote. Only guy in Jersey that doesn't need to be replaced. He's a Ron Paul lover. Don't know if he's 100% on board, but he's def a student.

 

[KAYA]

If anyone is having trouble with the stream. Download this player http://www.videolan.org/ its open sourced and works.

 

[Maestro232]

Mr. Garrett of NJ up for questions.

GARRETT: "re: monetary policy, this legislation is concerning. e.g., disclosure requirement. You're concerned about info being released to soon, but an audit takes a long time."

A: "The problem is the audit would be an intrusion into our monetary policy. Second guessing, judgement about if we are moving into the right direction.

Q: But don't congress already have that authority to second guess the FED?

A: But the GAO is more intrusive in their reviewing process. They will make a more comprehensive evaluation. It gives it a different kind of weight?

Q: So you're saying congress can make a judgement because we have inadequate info and don't know what we are talking about, but when GAO does it, they are doing it with good info, and so you're worried?

 

[LittleLightShining]

Hah! There it is. They'd have to be TOO careful about what they say and how it would be construed.

 

[SelfTaught]

Funny that Cleaver said the people in his district don't know what the Fed does. Cleaver himself needs a little education.

Nice job dropping them knowledge bombs, BRUTHA!!!

 

[Maestro232]

Foster up for questions.

"We should have the eyes of history on decisions being made."

 

[Crowish]

Nice. On my birthday.

happy birthday

 

[Chieppa1]

5 years! Like that's a good thing?

 

[Maestro232]

Q: Will email, minutes, etc... be available to historians?

A: Depends on the type of info.

Q: Any info deliberately destroyed?

A: Only info the archivalist agrees we can destroy.

 

[Maestro232]

Bachmann up for questioning

 

[Elwar]

I can't believe that the Fed guy said that a possible reprecussion could be raised interest rates...a hollow threat to those who don't understand that that's actually a good thing.

 

[davesxj]

FED: "People are not smart enough to figure out when a company is healthy or compromised when they borrow from us so therefor we don't disclose that information."

 

[newbitech]

do you notice how all the lying bastards, including this guy bernake, geithner etcetc, start out there answers with...

"So, ..."


I hate that for some reason.

 

[LittleLightShining]

I like how she's asking very pointed questions. Great job, Michelle!

 

[shelly]

Michelle is doing great!