The Great Highway Robbery Continues: How The FDIC Is Legally Transferring Billions In Taxpayer Money To Hedge Funds

Taibbi: Obama’s Sellout to Wall Street Creates ‘Permanent Bailout’

If passed as it is, the financial reform bill winding its way through Congress will create a “permanent bailout mechanism,” and will give complete control over future bailouts to the White House, says columnist Matt Taibbi.

In a video preview of an upcoming Rolling Stone article, Taibbi explained how the Obama administration started selling out to Wall Street interests almost as soon as the 2008 election was over.'

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Fed Sets Attack Dogs On Ron Paul After Audit Amendment Passes

The Federal Reserve attack dogs are out in full force today following Congressman Ron Paul’s decisive victory in the battle to bring transparency to the privately owned central bank.

The House Financial Services Committee passed the amendment to increase Federal Reserve transparency in an overwhelming and bipartisan vote of 43 to 26.

The amendment, sponsored by Ron Paul and Democratic Representative Alan Grayson, mandates a genuine and full probing audit of the Fed.

The Committee rejected the parallel amendment introduced by Congressman Mel Watt (D-NC) which would have severely limited the audit, “gutting” Ron Paul’s H.R. 1207 bill as the Congressman put it, and paving the way for further Fed secrecy.'

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