Thursday, December 9, 2010

Ron Paul to Head Federal Reserve Oversight Panel

Expect fireworks in 2011 and 2012. Lots of fireworks.

(The Street) — Ron Paul, the controversial Republican House representative from Texas, will take control of the subcommittee that oversees the Federal Reserve.

House Financial Services chairman-elect Spencer Bachus’ (R.-AL) announced Paul’s appointment on Thursday, along with the rest his choices for leadership team. Bachus was appointed chairman of the panel on Wednesday.

Paul, who has introduced legislation to abolish the Fed, will specifically head up the Subcommittee on Domestic Monetary Policy.

1 comment:

Anonymous said...

This gets better by the minute.