Ron Paul has been crusading for banking reform in the US for over 2 decades. In this historic event, his House Bill 1207 is finally getting some air time. Whether or not it will pass – and what exactly will happen next in the banking industry in the US is another question entirely. Without informed citizens to push the Congress into actions that go beyond the usual self serving rhetoric, it is questionable, at best.
This is a three hour video so you may not be able to take it all at once, but it’s important enough to watch. This is your government in action – all we can say is Ron Paul is worth watching.
Elizabeth Warren gets into it with Adam Davidson of NPRs Planet Money – This is one of those pieces to listen to just to see where people think people are on the issues – but while it’s great intellectual food for thought (maybe) it still leaves aside the most major of all the underlying issues which is when does the corruption and pilfering stop?
We note that all pontificating aside, not much has changed in the five months since this interview came out – the banks are still foreclosing on homeowners at a record clip; the government is now subsidizing private investor’s acquisitions of those “troubled assets”; new hedge funds are springing up to purchase the housing inventory left in the wake of the “credit induced housing bubble”; and, just by coincidence, no one has made a single move to begin prosecution of the most massive control fraud and public fleecing in America’s history. We note that the COP (Congressional Oversight Panel) under Elizabeth Warren DID come out last week and chastise the Tresury for its failure to provide any type of meaningful relief to the millions of Americans still facing foreclosure.
: with George Shultz, Allan Meltzer, Peter Fisher, Donald Kohn, James Hamilton, Myron Scholes, Darrell Duffie, Andrew Crockett, Michael Halloran, Richard Herring, and John Ciorciari, 2009
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