[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Mom Agrees To Have 3-Year-Old Son Circumcised In Exchange For Release From Prison

Man Helps Boy Retrieve Ball. Don't Worry, The Police Are Investigating.

Jeb Bush: Rand Paul "Wrong" To Call PATRIOT Act Unconstitutional

Mexico weighs U.S. meat product sanctions after WTO ruling

Baltimore reaches 100 homicides for year with overnight shootings

Edward Snowden talks ethics of whistleblowing

Defending The Baby-Burning Stormtroopers of Habersham County

Sen. Paul Calls for "Open Rebellion" Against NSA Spy Program

Mitch McConnell, R-Ky, out rinos susan collins

Does anyone in politics in VT have anything betwen their ears?

Rand Paul's NSA Filibuster: His Notable Quotes

Bionic Lens could give you vision 3x better than 20/20

Whites moving to Detroit, city that epitomized white flight

Vatican appointee says gay sex can express Christ’s ‘self-gift’

School freaks out over boys baseball storage shed

Marco Rubio's Foreign Policy: Reckless, Reactionary Big-Gov Love

Sen. Rand Paul Ends Quasi-Filibuster of PATRIOT ACT Renewal

Feds Spent $100 Billion on Food Assistance Last Year

Islamic State seizes ancient Palmyra city from Syrian forces

Arrest warrant issued for suspect in quadruple murder at upscale DC home

23 U.S. Veterans Are About To Take The ISIS Problem Into Their Own Hands In An Epic Way

Joe Biden Says Bible Believing Christians Violate LGBT Rights By Simply Existing

The Hindu Shiva ‘Dance Of Destruction’ Filmed Inside CERN Collider

Ted Cruz AWOL on NSA and Rand Paul filibuster

Search Google Maps for the ‘N-word’, and it gives you the White House

Report: Elizabeth Warren Did Not Disclose $1.3 Million Credit Line From Bank Of America

How Popular Music’s Lyrics Perpetuate American Idiocy

Boy Scouts Banned From Water Pistol Fights Because They Involve “Simulated Firearms”

Cop Charged for Pointing Gun at Infant Grandchild “For the Purpose of Threatening and Intimidating”

Baby Dies After Police Detain Doctor Rushing to Hospital to Save the Child’s Life

Hilarious: Iowa Democrats Can’t Name a Single Granny Clinton Accomplishment

The Engineered Ignorance of Fox News

When a Christian Plots to Kill U.S. Muslims, Is He a Terrorist or Just a Communicator of Interstate Threats?

Evolution should be taught in schools

Islam's 'Reformation' Is Already Here - and It's Called 'ISIS'

Feds Exempt MRAPs from Prohibited Police Equipment Despite Admitting They’re “Militaristic in Nature”

Bachelor Nation: 70% of Men Aged 20-34 Are Not Married

Pity the Poor Stormtroopers: Baby Bou-Bou Ambushed Them

Bevin accepts victory, despite recanvass--Kentucky!

Political Correctness Debunked

More Countries Caught Manipulating Their Climate Data

Staff quit Clinton Foundation over Chelsea

Guy who shot at George Zimmerman recently in mental institution

EXCLUSIVE – 52 HOUSE REPUBLICANS TO IRS: INVESTIGATE HILLARY CLINTON FOUNDATION TAX STATUS

Washington Driver Gets Six Months for 'Marijuana-Related' Crash That May Have Had Nothing to Do With Marijuana

EXCLUSIVE – BARNEY FRANK CONFIRMS: NO CONGRESSIONAL OVERSIGHT OF CLINTON CASH URANIUM DEAL

Lindsey Graham Is An Unhinged Kook Who Shouldn’t Be Taken Seriously

LibertysFlame Web Server Upgrade -- Possible Temporary Outage

Buchanan To WSJ: It Wasn’t Patriots Who Led GOP, America To Disaster–It Was You!

10 Conspiracy Theories That Turned Out To Be True


Status: Not Logged In; Sign In

politics and politicians
See other politics and politicians Articles

Title: Fed Foe Ron Paul Breakfasts With Bernanke at Central Bank
Source: Wall Street Journal
URL Source: http://blogs.wsj.com/washwire/2012/ ... with-bernanke-at-central-bank/
Published: May 9, 2012
Author: Kristina Peterson
Post Date: 2012-05-10 09:30:19 by lucysmom
Keywords: None
Views: 1627
Comments: 10

Republican presidential hopeful Rep. Ron Paul certainly wants to end the Federal Reserve. But he also has to eat breakfast.

One day after chairing a hearing on proposals to abolish or overhaul the central bank, the Texan congressman sat down for the first meal of the day Wednesday with Federal Reserve Chairman Ben Bernanke, the lawmaker confirmed in a brief interview at the Capitol. The decision to meet for breakfast at the Fed was “mutual,” said Mr. Paul, who last year introduced a bill to eliminate the central bank.

The Fed chief and lawmaker had “sort of an open discussion,” Mr. Paul said, while declining to provide any details of the conversation. “It was off the record,” he said. The Fed declined to comment on the meeting.

Wednesday’s visit to the Fed’s Washington headquarters was not the first for Mr. Paul, who has said previously he dined at the central bank with former Fed Chairman Paul Volcker.

Nor is it unusual for Mr. Bernanke to play host to lawmakers, including those proposing to refashion the Fed. The Fed chief had breakfast in February with Rep. Kevin Brady (R., Texas) who earlier this year introduced a bill that would narrow the Fed’s mandate to focus solely on price stability. Currently, the central bank has a dual mandate that also requires it to strive for maximum employment.

Still, Wednesday’s breakfast brought together two figures who publicly agree on very little. A longtime critic of paper currency and fan of the gold standard, Mr. Paul’s fiery Fed-bashing has enthused his campaign trail supporters, who often start rallies with loud chants of “end the Fed!” Mr. Bernanke, meanwhile, dedicated a significant chunk of his first lecture at George Washington University in March to enumerating the flaws associated with a system in which the dollar is valued at a fixed price per unit of gold.

So did Wednesday’s meeting overturn any deep-set beliefs?

“He’s for the gold standard now,” joked Mr. Paul.

Post Comment   Private Reply   Ignore Thread  


TopPage UpFull ThreadPage DownBottom/Latest

#1. To: lucysmom (#0) (Edited)

Paul's been 'welcomed' to the Club.

He's a player now.

Goes right with his '5 State win' and his seat at the GOP Convention.

Paul could be the next Sec Treasury....at least.

As opposed to when CNBC (99 000 viewrs;) would cut away from the House Committee with Bernanke the moment Paul began to speak.

Welcome to the Club, Paul....;}

mcgowanjm  posted on  2012-05-10   10:06:39 ET  Reply   Trace   Private Reply  


#2. To: mcgowanjm (#1)

Paul could be the next Sec Treasury....at least.

Wouldn't that be a hoot!

Anyone claiming to be an expert is selling something. I brandish my ignorance like a crucifix at vampires. Aaron Bady

lucysmom  posted on  2012-05-10   10:14:13 ET  Reply   Trace   Private Reply  


#3. To: lucysmom (#2)

;}

mcgowanjm  posted on  2012-05-10   10:45:15 ET  Reply   Trace   Private Reply  


#4. To: mcgowanjm (#1)

The difference between Ron Paul visiting the Fed Chairman is that he just ate breakfast with him. If it had been Obama or Romney,they would have blown him.

"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011

Stay Hungry...Stay Foolish --Steve Jobs

Steve Jobs,life-long Dim,and major Barry Soetoro supporter.

sneakypete  posted on  2012-05-10   11:15:08 ET  Reply   Trace   Private Reply  


#5. To: sneakypete (#4)

The difference between Ron Paul visiting the Fed Chairman is that he just ate breakfast with him. If it had been Obama or Romney,they would have blown him.

'would have' the wrong tense....;}

And speaking of blowing....

#775. To: A K A Stone (#0)

SURPRISE

[After Hours: 37.95-2.79 (-6.85%) 6:49P EST]

http://www.barchart.com/cache/ab...a5e3a6d9cd42d51d7cd9a.png

JPMorgan has $2 billion trading loss, reputation hit

What reputation was that? It called Geithner and the US treasury cut a check.

mcgowanjm  posted on  2012-05-10   19:11:57 ET  Reply   Trace   Private Reply  


#6. To: All (#5)

Thu, 05/10/2012 - 19:06 | 2415304 lolmao500 lolmao500's picture

Bruno Iksil will be first when this is all over... only to be surpassed by Bernanke and ECB chairman when the US and Europe ponzi schemes collapse. And whoever destroys the derivatives market will win as the biggest rogue trader in history for centuries to come.

mcgowanjm  posted on  2012-05-10   19:19:42 ET  Reply   Trace   Private Reply  


#7. To: All (#6)

Thu, 05/10/2012 - 18:58 | 2415265 HarryM HarryM's picture

No sleep for the Fedsters tonight - tomorrow they will unleash the Kraken

mcgowanjm  posted on  2012-05-10   19:21:53 ET  Reply   Trace   Private Reply  


#8. To: mcgowanjm (#6)

Bruno Iksil

Who is he and who is he connected to?

"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011

Stay Hungry...Stay Foolish --Steve Jobs

Steve Jobs,life-long Dim,and major Barry Soetoro supporter.

sneakypete  posted on  2012-05-10   19:28:02 ET  Reply   Trace   Private Reply  


#9. To: mcgowanjm (#7)

No sleep for the Fedsters tonight - tomorrow they will unleash the Kraken

Ahhh,I remember the good old days,when they just released the hounds.

"It is impossible to talk reason with those who can only parrot Party Slogans." sneakypete Sept 2011

Stay Hungry...Stay Foolish --Steve Jobs

Steve Jobs,life-long Dim,and major Barry Soetoro supporter.

sneakypete  posted on  2012-05-10   19:36:46 ET  Reply   Trace   Private Reply  


#10. To: sneakypete (#9)

Ahhh,I remember the good old days,when they just released the hounds.

Either Go Galactic, or go Home....;}

Thu, 05/10/2012 - 19:16 | 2415345 slaughterer slaughterer's picture

I want to know what trading unit took the $2billion away from JPM. We are going to see some "surprise profits" from somebody next quarter! Who was smart enough to steal this money away from JPM?

And here's what the Mere Mortals are about to find out.

In a Ponzi, you don't go looking for the money. Cause the money's been vaporized.

mcgowanjm  posted on  2012-05-10   20:20:22 ET  Reply   Trace   Private Reply  


TopPage UpFull ThreadPage DownBottom/Latest

[Home]  [Headlines]  [Latest Articles]  [Latest Comments]  [Post]  [Mail]  [Sign-in]  [Setup]  [Help]  [Register] 

Please report web page problems, questions and comments to webmaster@libertysflame.com