Friday, December 10, 2010

Does Ron Paul Already Have the Fed on the Run?


For the first time ever, the Federal Reserve will broadcast live, one of its meeting. It's a propaganda meeting about debit card fees, but the Fed is all about secrecy. This new "openness" smells to me like an attempt to head off real digging by Congressman Ron Paul, who is the incoming Chairman of the House subcommittee on Monetary Policy.

What is the Fed hiding that they don't want Ron Paul to discover?

Here's the Fed release (my emphasis):

 Release Date: December 10, 2010

For immediate release

The Federal Reserve Board announced on Friday that a live webcast of its December 16 open meeting will be available on the Board's website. At the meeting, which is scheduled to begin at 2:30 p.m. EST, the Board will discuss proposed rules governing debit card interchange fees and routing. This will be the first time the Board has webcast one of its meetings. The Board has previously webcast other public events such as Chairman Bernanke's town hall meeting with educators and a conference on addressing issues facing small businesses .

1 comment:

  1. 100 years in the making and this is the first open public meeting?
    End the FED!