Ron Paul: Audit Fed 'gutted' in committee

Bank-connected congressman blamed for undermining bill

By Drew Zahn
© 2009 WorldNetDaily



Rep. Ron Paul, R-Texas, has complained that the bill he sponsored calling for an audit of the Federal Reserve has been "gutted" by congressional committee, pointing specifically to a legislator whose campaign coffers have been boosted by the banking industry.

Paul blamed the chairman of the House Financial Service Committee's panel on domestic monetary policy, Rep. Mel Watt, D-N.C., for eliminating "just about everything" in preparation for the bill's consideration on the floor of the House.

Watt, has also been revealed, has significant connections to the banking industry. FULL STORY