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Tuesday, November 29, 2011

postheadericon Ron Paul should hold hearings on secret Fed bailouts

In one of the most under-reported stories today, it is now revealed that the Federal Reserve Board pumped a "secret bailout" fund of perhaps $7 trillion into major banks that had not previously been disclosed. Check out the excellent story in The Hill by Vicki Needham about this. I am thrilled that Democrats have already begun calling for hearings. This could be a golden moment for Rep. Ron Paul (R-Texas) to hold hearings of the subcommittee he chairs.

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