AUDIT THE FED hearing to be broadcast live

[Chieftain1776]

I didn't hear Frank say anything about adjourning, or hear a gavel. The site says in recess. I'm assuming there will be more?

I heard a gavel and the site shows only two witnesses. I think its over but I don't know if there will be more hearings or just a vote.

 

[MsDoodahs]

The improper (slang) text for the usage is in the south "ya'll"

Contraction of "you" + "all" = Y'ALL not YA'LL.

Carry on.

 

[newbitech]

Contraction of "you" + "all" = Y'ALL not YA'LL.

Carry on.

not where I am from

 

[LittleLightShining]

I heard a gavel and the site shows only two witnesses. I think its over but I don't know if there will be more hearings or just a vote.

After the first recess they came back and more people got to question the goon. I assumed that was the case here. The feed says the meeting is in recess.

 

[lx43]

Will there be a youtube of the entire hearing?

 

[ShowMeLiberty]

Will there be a youtube of the entire hearing?

C-SPAN just posted video of the whole thing here: http://www.c-span.org/Watch/Media/2...ices+Cmte+Hearing+on+Regulatory+Overhaul.aspx

 

[tajitj]

Are we going to get an audio for later listening, the old connection dont do video well.

 

[torchbearer]

wait for the movie?

Do you think he is talking about "For Liberty"?
Tom Woods is in "For Liberty"... Maybe Barney is hating on Ron because his movement has a movie and he doesn't.

 

[brandon]

Do you think he is talking about "For Liberty"?
Tom Woods is in "For Liberty"... Maybe Barney is hating on Ron because his movement has a movie and he doesn't.

I haven't seen the hearing but based on what I read in this thread I thought he was being a smart ass and referring to Meltdown.

 

[torchbearer]

I haven't seen the hearing but based on what I read in this thread I thought he was being a smart ass and referring to Meltdown.

I can picture Barney hating on Ron for his popularity. Barney is such a queen sometimes.

It may be directed to meltdown- but I had an after-thought- picture barney and his 'boys' yacking it up about Ron's lil' film "for liberty". a haterade session of hate-athon proportions.

 

[specsaregood]

I can picture Barney hating on Ron for his popularity.

Barney jealous of Dr. Paul having thousands of adoring young male supporters? Never..... Sorry, had to say it.

 

[Liberty Rebellion]

Here's the replay

http://cspan.org/Watch/Media/2009/0...ices Cmte Hearing on Regulatory Overhaul.aspx

 

[Chieftain1776]

C-SPAN just posted video of the whole thing here: http://www.c-span.org/Watch/Media/2...ices+Cmte+Hearing+on+Regulatory+Overhaul.aspx

I just re-watched the Watt-Woods exchange (@2:30 I think) and I think I now see why the exchange was a bit acrimonious. They were talking past each other and Watts instigated it. Watt basically characterized the testimony as off-topic and " political". He used Dr. Wood's critique of the Fed chair's appointment by the President as an example of a "diversion". He either accidentally or deliberately failed to recognize that Woods was simply addressing the prime criticism that the audit would hurt the Fed's independence.

The Presidential appointment example was one of Dr. Woods reasons to suggest that the Fed is currently compromised but in favor of the President and member banks as opposed to congressional control where constitutionally (for the sake of argument) its supposed to be overseen.

When Watt presented the WSJ article he either was responding to Woods or most likely was conflating the audit with control. That's the very issue Woods was trying to address!

Oh and about Rep. Watt:

Opposition to increased oversight of Fannie Mae and Freddie Mac

In 2003 Watt vehemently opposed efforts by the George W. Bush administration and Congressional Republicans to increase regulatory oversight of Fannie Mae and Freddie Mac. "I don't see much other than a shell game going on here, moving something from one agency to another and in the process weakening the bargaining power of poorer families and their ability to get affordable housing", Mr. Watt said. Watt said that "Brad Miller and I were at the forefront of that more than anybody else in America" in trying to prevent the financial crisis, despite the fact that Watt's stated position was against an increase and more oversight for high risk lending.