Rep. Ron Paul Accuses Democrat of Gutting Banking Regulation H.R. 1207

[Dizzo]

Rep. Ron Paul, R.-Texas, accused Rep. Mel Watt, D.-North Carolina, of taking nearly all the transparency provisions out of H.R. 1207, the bill which was intended to require a full audit of the Federal Reserve and its activities.

Paul says that without such provisions, the bill is nearly worthless. Watt's home district includes the headquarters of Bank of America, and most of his campaign contributions have come from real estate, finance and insurance corporations.

Included among Watt's biggest donors are American Express, Wachovia, Bank of America and the American Bankers Association. More than a third of his total campaign treasury was donated by the financial industry. Paul intends to fight for the bill.

Source: americanbankingnews.com

Dizzo

[ken]

Watts is in their pocket so deep he will smell like ass for the rest of his life.

[Dizzo]

Most of those guys are in the bankers pockets. The Fed needs to be overhauled.

[computer2slow]

I got a call from Ron Paul's "people" during the election.

It showed up as

(617)729-0931 Warranty Activation'

with a recording wanting me to vote for for Ron Paul.

So like all politicians he is no better.

[ken]

Warranty Activation

[Dizzo]

I agree a politician is a politician, but at least he is does not put up a front. He tells you exactly what he thinks and is almost smart.