Ron Paul Claims Chairmanship of Monetary Policy Subcommittee, Prepared to Subpoena Fed | FavStocks, Dec. 8, 2010:
"Proving that on occasion the little guy can occasionally win, Ron Paul announced tonight that he will be named Chairman of the Monetary Policy Subcommittee.
"When asked if he would take over chairmanship of the subcommittee, Paul replied 'The chairman of the financial services subcommittee, Spencer Bachus, has told me today verbally that I will be the chairman of that subcommittee. He was the one who appointed me as the ranking member and he is sticking to his guns and that I will have responsibility of that committee.'
"When asked about subpoenas and 'audit the Fed', Paul went on to say that he can issue subpoenas but would need agreement from the chairman as well as speaker" (ie, from both Bachus and John Boehner).
Update, Dec. 10 - I learned today that Paul's announcement had been made on Andrew Napolitano's FBN show, Freedom Watch -- another coup for the Judge and his show.
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