AUDIT THE FED hearing to be broadcast live

Q: FED exercized 13-3 powers in an unprecedented way without in constraint. What constraints would FED be willing to have?

A: Administration proposed dual key system where Treasury AND board would have to ok it, and Bernake thinks if we could get RESOLUTION AUTHORITY, we wouldn't need 13-3.
 
FED: I don't think elected officials should have insight of our unelected officials but we we'll be willing to have insight of another unelected official. Sec. of Treasury.
 
For those that are having trouble with the stream's audio BoldVoices.TV is restreaming the hearing on channel 9 with audio that is working.

Visit http://boldvoices.tv and click on channel 9.

The host of the channel is recording the video and should be available in the future.
 
Hmm, as he says...there are 2 open positions for the board of governors appointed by the president...

Ron Paul seems to have enough knowledge of the Fed to fill one of those positions...

:D
 
Biggert up.

Q: Have financial institutions provided any feedback on the possible adoption of this transparency policy.

A: Not aware of feedback re HR1207, but some economists think transparency would be bad.

Q: Would greater transparency improve international feelings on Dollar?

Didn't answer.
 
Back
Top