June 01, 2011 C-SPAN MOXNews.com Witnesses testified on Federal Reserve lending during the 2008 financial crisis. Witnesses Scott G. Alvarez, general counsel, Board of Governors of the Federal Reserve System Thomas C. Baxter, general counsel, Federal Reserve Bank of New York

See post and transcript here thinkprogress.org EXCLUSIVE: Eric Cantor Promises Oil Speculators That Republicans Will Block Financial Regulations House Majority Leader Rep. Eric Cantor (R-VA) visited the Chicago headquarters of the CME Group, “the world’s largest owner and operator” of private exchanges for derivatives products. CME Group specializes in a number of markets, including trading futures contracts for various blends of crude oil and food commodities. Cantor met with executives, and at one point, gave brief remarks before CME Group employees and various commodity speculators. Cantor told the audience of speculators that his Republican caucus would “do our part” to block the implementation of financial reforms passed last year as part of the sweeping Dodd-Frank law. He even called out the Commodity Futures Trading Commission, the regulators in charge of overseeing derivatives and energy speculation, and promised to stop regulations from going online: Currently, energy speculation is at an all time record high. In 2008, according to many analysts, oil speculation — which took place on unregulated private exchanges owned by the CME Group and a set of international exchanges — spiked gas prices to unprecedented levels. Now, excessive oil speculation is again driving the pain at the pump. While Goldman Sachs has claimed that at least of the current price of crude oil is due to speculation, financial experts contacted by ThinkProgress say the Goldman Sachs number …

www.house.gov Congressman Ron Paul questions Donald L. Kohn, Vice Chair of the Federal Reserve Board of Governors, at the House Financial Services Committee hearing on January 13, 2009. Ben Bernanke decided the meeting wasn’t important enough and was a no-show.

grayson.house.gov

house.gov campaignforliberty.com Congressman Ron Paul’s opening statement and questioning of Federal Reserve chairman Ben Bernanke at the House Financial Services Committee hearing, March 17, 2010. Dr. Paul attempts to instruct Bernanke in the basics of Austrian Economics.

www.house.gov campaignforliberty.com Congressman Ron Paul questions Jim Carr of the National Community Reinvestment Coalition at the House Financial Services Subcommittee on Domestic Monetary Policy and Technology hearing on July 16, 2009 entitled, “Regulatory Restructuring Safeguarding Consumer Protection and the Role of the Federal Reserve.”

www.house.gov CampaignForLiberty.com Congressman Ron Paul questions Federal Reserve Governor Elizabeth Duke at the House Financial Services Subcommittee on Domestic Monetary Policy and Technology hearing on July 16, 2009 entitled, “Regulatory Restructuring Safeguarding Consumer Protection and the Role of the Federal Reserve.”

www.house.gov CampaignForLiberty.com Congressman Ron Paul at the Financial Services Committee markup for “Investor Protection Act of 2009 (to be reported as HR 3817)”

www.house.gov www.CampaignForLiberty.com http Here’s Congressman Ron Paul’s opening statement at the House Financial Services Committee hearing on January 13, 2009 dealing with the TARP funds. Ben Bernanke had “more important” things to do and was a no-show.

www.house.gov Congressman Ron Paul issued a video message on his website on September 18, 2008 to discuss the Fed and the financial meltdown.