Thursday, July 09, 2009

"Let A Little Daylight In"

I've been remiss in commenting on this. But I think it's important. It's also a now-or-never type of issue. I strongly encourage readers who support it to call or email Democrats on the House Financial Services Committee who haven't yet signed on to the bill, especially if you are a constituent. Here's the list as of today:

Chairman Barney Frank
Rep. Paul E. Kanjorski, PA
Rep. Maxine Waters, CA
Rep. Carolyn B. Maloney, NY
Rep. Luis V. Gutierrez, IL
Rep. Nydia M. Velázquez, NY
Rep. Melvin L. Watt, NC
Rep. Gary L. Ackerman, NY
Rep. Gregory W. Meeks, NY
Rep. Dennis Moore, KS
Rep. Michael E. Capuano, MA
Rep. Rubén Hinojosa, TX
Rep. William Lacy Clay, MO
Rep. Carolyn McCarthy, NY
Rep. Joe Baca, CA
Rep. Stephen F. Lynch, MA
Rep. Brad Miller, NC
Rep. David Scott, GA
Rep. Al Green, TX
Rep. Emanuel Cleaver, MO
Rep. Melissa L. Bean, IL
Rep. Gwen Moore, WI
Rep. Paul W. Hodes, NH
Rep. Keith Ellison, MN
Rep. Ron Klein, FL
Rep. Charles Wilson, OH
Rep. Ed Perlmutter, CO
Rep. Joe Donnelly, IN
Rep. Bill Foster, IL
Rep. Andre Carson, IN
Rep. Mary Jo Kilroy, OH
Rep. Steve Driehaus, OH
Rep. Jim Himes, CT
Rep. Gary Peters, MI


Anonymous Cnut "Nature Boy" Wixel said...

Because historically there is no correlation between Central Bank Independence and inflation?

Surely if Dr. Ron can't rely on the market to produce an affirmation of the Austrian inflation narrative, he will ensure that populist politics delivers.

Keep shorting the world, men. Reputations are on the line.

7/10/2009 12:00 AM  
Anonymous Inthon said...

"Any substantial erosion of the Federal Reserve's monetary independence likely would lead to higher long-term interest rates as investors begin to fear future inflation," Kohn said in remarks prepared for delivery before a congressional committee.

Wow, exactly how does a simple audit "threaten their independence"?

7/10/2009 12:34 PM  
Blogger Neil_in_Chicago said...

The piece you cite is incorrect -- the Fed has given or guaranteed at least $13,000,000,000,000, and where it went is a secret.

7/11/2009 6:26 PM  
Blogger Mr. Hedley Bowes said...

If I recall correctly, there is a provision in the original Fed charter that empowers Congress to buy the Fed back for $40MM. If that is still in effect, why create new legislation?

7/22/2009 12:56 PM  
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6/01/2011 2:36 PM  

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