Representative Ron Paul, Texas Republican and author of "End the Fed," will take control of the House subcommittee that oversees the Federal Reserve.
"This is the leadership team that crafted the first comprehensive financial reform bill to put an end to the bailouts, wind down the taxpayer funding of Fannie Mae and Freddie Mac, and enforce a strong audit of the Federal Reserve," Bachus said in a statement.
Paul, who has introduced legislation to abolish the Fed, became nationally known during his 2008 presidential campaign. His campaign to audit the Fed picked up steam as the central bank deployed trillions of dollars in emergency loans in the midst of the worst financial crisis since the Great Depression. Paul's bill gained the support of 320 of 435 members of the House and a portion of the measure ended up in the Dodd-Frank financial regulatory overhaul enacted this year.
TVNL Comment: Don't be surprised if Ron Paul is not dead by this time next year. And don't be surprised if his death does not look suspisious. If he is dead it will be by murder, well concieled or covered up.