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U.S. Rep. Tim Walz decided to co-sponsor a bill that requires an audit of the Federal Reserve Bank after a chat with the bill’s author, Ron Paul of Texas, last week. “I agree with the bill,” Walz told a constituent on Thursday. “I’ve been a strong champion of transparency and I just wanted to sit down and get an opportunity, and yesterday I did with Ron.”
On May 7, Walz joined fellow Minnesotan Collin Peterson as two of 19 Democrats who are among the bill’s 143 House co-sponsors.
Walz’s Mankato office received a petition with names of more than 400 constituents asking him to support the Federal Reserve Transparency Act (H.R. 1207).
Minnesota’s three Republicans in the U.S. House of Representatives are also co-sponsors of the bill, and Rep. Michele Bachmann enthusiastically attends Paul’s lunches on economic theory.
A protest against the Federal Reserve Bank’s role in the current economic crisis drew more than 100 to the bank’s Minneapolis headquarters last month.
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12 Comments »
Comment posted May 11, 2009 @ 3:37 pm
Excellent!
Comment posted May 11, 2009 @ 3:41 pm
yeah!!
Audit the Fed!!!
Comment posted May 11, 2009 @ 4:14 pm
Good for him. I don’t know why our whole delegation isn’t on board here. How someone can support the current way the fed operates is beyond me. I’m not saying (and the bill doesn’t say) anything about giving congress control over what they do, but they should at least be required to tell congress what they’re up to when asked, and even Bernanke agrees. So… good for Walz, but where’s Ellison, Oberstar, and McCollum?
Comment posted May 11, 2009 @ 5:57 pm
End the FED!
Comment posted May 11, 2009 @ 7:46 pm
Thank you Minnesota! Let’s take our country back from the international banking cartels that care nothing for our nation. Take your story walking, Bernanke…
Comment posted May 11, 2009 @ 10:15 pm
A toast, To Tim Walz! Good job, we need many more to co-sponsor H.R. 1207
Comment posted May 11, 2009 @ 10:35 pm
“It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before morning.” ~ Henry Ford
Comment posted May 12, 2009 @ 12:07 am
Thank you Tim Walz, from a Hispanic paleo-conservative from Texas. Thank you for taking the time to listen to the most intelligent, honest, principled, and humble representatives in Congress. And thank you for putting American interests first of pandering to the banking cartel like so many corrupt congressmen that plague this nation. When I say “we need to send congress home” I do not direct it towards you anymore.
With true sincerity, thank you again.
Comment posted May 12, 2009 @ 10:01 am
i just saw this on http://www.dailypaul.com
thanks to chip waltz – he could not have had a chat with anyone who knows more about
it than ron – ron paul is the only member of congress who truly understands economic
policy because he understands what “sound” money is all about.
the federal reserve note is not sound – a fiat currency is not sound.
a commodity backed currency is sound – let’s return gold and silver backed currencies!
http://www.mises.org
Comment posted May 12, 2009 @ 10:14 am
Finally, something we can all agree on!
Comment posted May 12, 2009 @ 11:35 pm
Okay, enough of the rhetoric. Let’s just use the government-supporter line: “if you’re not doing anything wrong, why would you object to (a search, a seizure, etc.).” So, Federal Reserve, why would you object?
Comment posted May 19, 2009 @ 4:22 pm
How about tribunals. Where is the accountability! They bailed out the bankers and the big wig wall street guys but left the little people to fend for themselves. What is unemployment up to now? 11 – 12% How many forclosures next month? How is the California real estate market? How man convictions of fraudulent bankers and government workers have we had? None as far as I can tell. White collar crime pays in America. Nothing everybody doesn’t know already. Tell the Fed to stop playing with interest rates and the money supply. Their help is only making thing again…much worse. I guess it is time for Stern to retire. Maybe the next Fed president wont be so quiet when they don’t adopt his/her risk reduction recomendations. He should have raised hell.
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