View Full Version : Federal Reserve Scandal Bigger than ACORN

09-26-2009, 09:08 AM
"Barney Frank and The Dimocrats are Desperately Pointing Fingers Trying to Save Their Asses !"

On "The O'Reilly Factor" on Wednesday night, Democratic Rep. Barney Frank dropped a bombshell about the ACORN scandal that has not been disputed by Congressional Republicans-the group received $14.2 million in funding from the Bush administration.

But the question of what the Federal Reserve is doing with trillions of taxpayer dollars makes the ACORN scandal look like peanuts.

For the first time, a hearing is being held on Rep. Ron Paul's Federal Reserve Transparency Act of 2009 (H.R. 1207) by the House Committee on Financial Services. Grass-roots pressure has been credited with forcing the hearing into what has happened to trillions of dollars supposedly spent by the Federal Reserve on the stabilization of the financial system.