There is word that Tennessee Senator Bob Corker has introduced a bill that claims to audit the Federal Reserve and is supposedly a companion bill to the Federal Reserve Sunshine Act of 2009.
However there are several problems with this bill beginning with the sponsor himself. Bob Corker voted for the Wall Street bailouts last year and as a general rule, anyone who voted for it can't be trusted. The simple fact of the matter is that this bill merely waters down the Sunshine Act. It is an attempt to protect the privately owned Federal Reserve from being independently audited. This would reveal the racketeering that the Fed has operated for almost 100 years.
Several of Corker's top contributors consist of PACs and employees from the following companies:UBS/AG, Merrill Lynch, Regions Financial, and First TN Bank.
Also worth pointing out that the financial/insurance sector was the largest of all the sectors giving to Corker's campaign at $3 million. For more information go to http://www.opensecrets.org.
We need to get back to basics very soon. There is not much more that can be said.
Wednesday, October 21, 2009
Posted by Chris F. at 8:00 AM