May 2nd: 'Our central bankers are intellectually bankrupt' article by Ron Paul in the Financial Times = big time media in the financial world.
May 8th: Congressional hearing: The fed end it or mend it.
May 10th: Ron has breakfast with Bernanke
And now the Fed bill.
I think it has partially to do with his imminent retirement from congress. But we can always speculate! After all Greece and Spain financial positions are worsening by the day. Not in the last part by the meddling of the central banks. We could be heading for major financial upheaval over the summer.
It has been sitting in the House but it didn't have any momentum or time table until recently. It was drafted in 2011, but you know how these things go. It could have sat there stalled for years without the proper support. I don't think a "deal" was made. I would like to think that the showing of support for this bill is actually some well deserved recognition finally being given to Ron by our members of Congress. It is kind of interesting that it is slated for July.... Maybe a desperate move to appease the crazy Paulbots so they won't crash Tampa too hard?