Mel Watt ‘gutted’ the Audit the FED Bill

Mel Watt - From Wikipedia

“Melvin Luther (Mel) Watt (born August 26, 1945), American politician, has been a Democratic member of the United States House of Representatives since 1993, representing the North Carolina’s 12th congressional district.”

From Wikipedia

Ron Paul’s bill to Audit the FED has been ‘gutted’ by the Mel Watt of North Carolina.  According the OpenSecrets.org Mel Watt’s main PAC Contributions for 2008 are:

Contributor Total Indivs PACs
Bank of America $14,500 $6,500 $8,000
Wachovia Corp $12,500 $2,500 $10,000
American Express $11,000 $1,000 $10,000
American Bankers Assn $10,000 $0 $10,000
KPMG International $10,000 $0 $10,000

The numbers don’t lie. Mel Watt obviously has the banks special interest in mind, over the common good of the people. The FED has issued trillions of dollars to international banks through the ‘Banker Bailout’ bill. Dennis Kucinich stated the Federal Reserve is paying banks not to lend money. If the banks have enough money on their balance sheets, then they will not loan money to make money. Presently small banks are collapsing while the bigger international banks are paying record bonuses to their employees. The collapsed banking system has created a consolidation of power for the larger banks. This picture is not right and  Mel Watt should not be re-elected by the good people of North Carolina!

For more information about the gutting of the bill, check out Bloomberg.com

[flash src=http://www.youtube.com/watch?v=Gkf8VG3HL_8]

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