Tempers Flare In Clash Over Fed Secrecy As Grayson Reminds Watt: "The Road To Hell Is Paved With Good Intentions"
HR 1207 Audit The Fed Video: Alan Grayson Clashes With Fed Apologist Melvin Watt -- House Financial Services Hearing -- Aired November 19, 2009
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Grayson slams the Fed and the Watt amendment, and then Watt himself takes the mic and angrily chews out the 75% of the American people who support a Federal Reserve audit, plus Paul and Grayson for daring to question the great B-52 and his central banking wisdom.
"A vote for the Watt amendment is a vote for more secret bailouts."
"The Federal Reserve is more secretive than even the CIA!"
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Earlier:
Ron Paul Exposes The Watt Amendment
House Committee Votes In Favor Of Paul-Grayson
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Nov 20, 2009 at 9:11 AM
Reader Comments (27)
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It's a weaker bill than hr 1207
Some background on the Watt amendment
Having said all that, I say smash those bastards, Mr. Grayson!
James you might want to read this story by Carney and my comments...your comment yesterday over there on the Geithner story was phenomenal.
Maybe it is time for the 75% of REAL AMERICANS who support auditing the FED, to stand up now, and send Melvin the assless panties he deserves...
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Washington, DC
20515-3312
Tel. (202) 225-1510
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There you go Gompers...
I think we should send small packages of diapers to his office so that he and his staff can have protection when they lose their bowels when they see the crap on the Fed's balance sheet...
top 5 contributors total indivs PACs
Bank of America $14,500 $6,500 $8,000
Wachovia Corp $12,500 $2,500 $10,000
American Express $11,000 $1,000 $10,000
American Bankers Assn $10,000 $0 $10,000
KPMG International $10,000 $0 $10,000
Top 5 Industries, 2007-2008, Campaign Cmte
Industry Total Indivs PACs
Lawyers/Law Firms $54,050 $31,750 $22,300
Securities & Investment $47,200 $6,700 $40,500
Commercial Banks $41,500 $10,500 $31,000
Insurance $31,000 $2,000 $29,000
Accountants $30,859 $0 $30,859
Perhaps some vasoline as well.
Welcome to the jungle
It gets worse here every day
Ya learn ta live like an animal
In the jungle where we play
If you got a hunger for what you see
You'll take it eventually
You can have anything you want
But you better not take it from me
I used to think Grayson might be able to help fix the financial mess but he is too big of a mess to be taken seriously. No wonder Bernanke told him no to his question(s).
By JEFFREY H. ANDERSON
Last Updated: 2:45 AM, November 20, 2009
Majority Leader Harry Reid is touting the Senate's latest health-care bill as costing $849 billion over 10 years. But this uses the same accounting trick as past versions: 99 percent of the costs don't kick in until the fifth year of that "10-year" period. The true 10-year costs are well over twice what Reid's advertising: $1.8 trillion.
Really.
Two Deutsche Bank funds were designed to profit from premature deaths in the US by buying up life insurance policies. But investors have seen precious little return on their investment. Angry customers are accusing the bank of fraud.
Gerhard Strate, a well-respected lawyer based in Hamburg, has seen a lot of things over the years. But he still has a hard time believing the story of the Deutsche Bank funds db Kompass Life 1 and 2, calling it "unbelievable" and "absurd." The closed-end funds buy life insurance policies from Americans and assume responsibility for paying their future premiums. When the original policy-holder dies, the entire payout goes to the fund. It is like short-selling US life expectancy.
DB...I think they are onto something, this may work under Obama's healthcare plan.
Nice call.
Watts argued against Grayson's legal points with political rhetoric. He did not deny a single issue Grayson raised. Watts looked scared. He looked tired. Symptoms of Gout, no doubt, from an excess of over contribution from his primary (perhaps only) North Carolina constituent, Bank of America.
To a dog, aggression smells the same as fear. There is no difference. And right now it smells like Watt's, lacking a foot to stand on, has totally piddled his pants. And to think there was a time I thought Watts a courageous ethical man. The way he flailed was more like a rickety old puppet hanging from a web of tangled BOA strings.
You're definitely NOT the brightest bulb in the set.
OF COURSE the American people "distrust the Fed". WTF planet are YOU living on? Have you SEEN what the Fed is DOING? How DARE you oppose the expressed interests of MANY American citizens ..who DESPERATELY want to know WTF is going on inside the Federal Reserve? Whose side are YOU on anyways you MF? The simple fact that YOU oppose this RIGHT we all to know both as voters & concerned citizens proves to me BEYOND the SHADOW OF ANY DOUBT that YOUR loyalties lie elsewhere.
Your non-sensical 'arguments' against the original HR 1207 along with your efforts to oppose
something as GOOD and OBVIOUSLY MUCH-NEEDED bill as the Grayson-Paul proposal makes me wish dueling was still legal in this country because I'd like to smack you across the face with the hardest glove I could find and then invite you to get runthru by my sword.
Many, many, many times.
Alas I can't and will have to conform myself instead by saying THIS to Mr Watt & his amendment; " You're a MF douchebag POS and I puke mightily upon the scumbucket whore that gave birth to you, most probably thru her anus, you miserably vile and corrupt shitbag!" Propose an amendment to THAT, MF.
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If Ron Paul and Alan Grayson are to be considered "radicals" within American politics just because they demand public accountability, transparency and adherence to rule of law from their elected authorities, then anyone in opposition of those same principles can only be classified in one of the two remaining political categories currently available: 'Douchebags' & 'Traitors'.
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Restated for emphasis...great stuff...