ALERT: Elitist Bankers and Congressional Leadership are Plotting to Stop Ron Paul

Posted: 12/04/2010 by Lynn Dartez in banks

EconomicPolicyJournal.com

Friday, December 3, 2010

With Republican control of the House, Ron Paul, as senior member of the House Financial Services subcommittee that oversees monetary policy, is scheduled to become chairman of that subcommittee .

The banking elitists that were thrown billions upon billions by Ben Bernanke and the Federal Reserve sure don’t want the real supervision that Ron Paul would bring. And they are plotting.

Write Phil Mattingly and Robert Schmidt at Newsweek:

Officials at several major banks have privately raised concerns with Republican leaders that, by allowing Paul to become a chairman, his radical views would gain legitimacy, according to three bank lobbyists…Five GOP leadership aides, speaking anonymously because a decision isn’t final, say incoming House Speaker John Boehner has discussed ways to prevent Paul from becoming chairman or to keep him on a tight leash if he does.

Mattingly and Schmidt continue:

If Boehner, who will help determine who gets to chair subcommittees as early as Dec. 8, rejects Paul, he may have to contend with thousands of grassroots supporters and dozens of younger lawmakers who see Paul as a hero. Boehner, through a spokesman, declined to comment.

If Boehner as much as takes away Paul’s bathroom privileges, there is likely going to be serious hell to pay. There is no way Ron Paul’s followers will take any messing around with Paul’s chairmanship or the power that now comes to the subcommittee. All they need is a cause to rally around, and messing with Ron Paul would be such a cause. Boehner would be a very wise man to move on and pick on somebody that isn’t principled and who doesn’t have a following many, many times greater than those who participated in the original Boston Tea Party.

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