Liberty MavenTwo lame duck Senators quacking against Ron Paul’s Fed Audit effort
January 21st, 2010 11:38 pm | by Marc Gallagher | Published in Activism, Big Government, campaign for liberty, congress, Federal Reserve, Market Regulation, Politics, Ron Paul | 12 Responses
Senators Judd Gregg and Chris Dodd have announced they are retiring from the Senate at the end of 2010 when both of their terms end. Previously, Gregg said he’d do anything he could to stop Ron Paul’s HR.1207 Fed Audit from passing in the Senate (The Senate version is S.604). Now that Dodd is retiring it appears he can safely join his lame duck peer in this effort to protect the central “banksters”.
A House-passed provision to open up the Federal Reserve to an audit by the Government Accountability Office is unlikely to be included in the Senate reform package, Barney Frank told a meeting of House Financial Services Committee members Wednesday, according to people in the room.
Frank, chairman of the committee, told the members that Senate Banking Committee Chairman Chris Dodd (D-Conn.) told him that he had assured Sen. Judd Gregg (R-N.H.) that it wouldn’t be a part of the bill. Gregg has been a strident opponent of the effort to open the Fed to an audit.
It’s time for us Fed audit supporters to wake up again out of our slumber and do what needs to be done to get this audit done. The news Dodd is blocking it is both good and bad. The good is that the amendment was tacked on to a horrible financial regulatory overhaul bill and getting it removed from that bill isn’t such a bad thing.
The bad is that now HR.1207 in the House and S.604 in the Senate needs to be brought to the floor as a standalone bill for a vote. Given the number of non-lame(duck) lawmakers that support the audit, the powers against the audit will do everything to make that vote never happen. John Tate of the Campaign for Liberty gives us something we can do to fight against these powers in the Senate by urging our Senators to block a vote on Ben Bernanke’s re-confirmation until the Fed Audit bill is brought to the Senate floor for a vote. It’s once again time to fight fire with fire.
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January 22nd, 2010 at 8:39 am (#)
Good thing we have advocates like Beck championing the cause of transparency and Liberty!
On a serious note: see the "State of the Republic"? – that's a call to action. joe
January 22nd, 2010 at 8:39 am (#)
Good thing we have advocates like Beck championing the cause of transparency and Liberty!
On a serious note: see the "State of the Republic"? – that's a call to action. joe
January 22nd, 2010 at 10:20 pm (#)
I don't like beck, but I don't hate him either because he at least gets a half decent general message of fiscal conservatism to people who would otherwise never pay attention. My hope is that people find intial interest through Beck and that motivates them to learn more.
January 22nd, 2010 at 8:21 pm (#)
Beck called Ron Paul supporters terrorists…and recently promoted a national value added tax. With friends like Beck….who needs enemies?
Just listen to Ron Pual, Rand Paul, Peter Schiff, Andrew Napolitano, Debbie Medina……other patriots…..but forget the Beckster
January 22nd, 2010 at 10:20 pm (#)
I don't like beck, but I don't hate him either because he at least gets a half decent general message of fiscal conservatism to people who would otherwise never pay attention. My hope is that people find intial interest through Beck and that motivates them to learn more.
January 22nd, 2010 at 10:20 pm (#)
I don't like beck, but I don't hate him either because he at least gets a half decent general message of fiscal conservatism to people who would otherwise never pay attention. My hope is that people find intial interest through Beck and that motivates them to learn more.
January 24th, 2010 at 4:55 pm (#)
Where is Rush Limbaugh on HR-1207/S-604? If he is against it, then he forfeits his conservative credentials as far as I'm concerned.
January 24th, 2010 at 4:55 pm (#)
Where is Rush Limbaugh on HR-1207/S-604? If he is against it, then he forfeits his conservative credentials as far as I'm concerned.
February 14th, 2010 at 7:33 pm (#)
Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.
Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)
Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."
The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.
http://merkley.senate.gov/newsroom/press/release/…
February 14th, 2010 at 7:33 pm (#)
Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.
Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)
Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."
The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.
http://merkley.senate.gov/newsroom/press/release/…
February 14th, 2010 at 7:33 pm (#)
Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.
Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)
Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
"Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM."
The Center for Responsible Lending says YSP "steals equity from struggling families."
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.
http://merkley.senate.gov/newsroom/press/release/…
May 10th, 2010 at 11:07 pm (#)
I am having problems with Scott veerkamp also,can you help??