Congressman Ron Paul’s HR 1207 has been “gutted” as was expected by the good Doctor.

He is not giving up and will make an amendment to restore the original language.

I believe we can lay this at the feet of Glenn Beck, Bill Oreilly and all of Mainstream Media which has had a complete “media black-out” on H.R.1207…

It’s pathetic that we spend hours talking about pirates and acorn sting operations yet… NEVER deal with the root of the corruption… Thank You Beck! 

Federal Reserve Policy Audit Legislation ‘Gutted,’ Paul Says
Bloomberg.com By Bob Ivry

Oct. 30 (Bloomberg) — Representative Ron Paul, the Texas Republican who has called for an end to the Federal Reserve, said legislation he introduced to audit monetary policy has been “gutted” while moving toward a possible vote in the Democratic-controlled House.

The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee and communications between the Board, the reserve banks and staff, Paul said today.

“There’s nothing left, it’s been gutted,” he said in a telephone interview. “This is not a partisan issue. People all over the country want to know what the Fed is up to, and this legislation was supposed to help them do that.” …

… Paul said he intends to introduce an amendment to the bill when it comes to the House floor for a vote restoring the legislation’s original language.

To contact the reporter on this story: Bob Ivry in Washington at bivry@bloomberg.net .

read full article here…Federal Reserve Policy Audit Legislation Gutted, Paul Says – Bloomberg.com.

Related posts:

1. Audit the Fed! Melt the Switchboard Day! – April 27, 2009
2. Congressman Ron Paul: “Audit the Fed, Then End It!”
3. Audit the Fed HR 1207 Update