Today on Fox Business, Rep. Ron Paul (R-TX) adamantly spoke out against giving the Federal Reserve more power when it comes to oversight of big banks and other financial institutions.
Why? People like Warren Buffett think the Fed--- primarily Fed Chairman Ben Bernanke--- saved the banking world due the steps he and the Fed tookduring the height of the crisis. Bernanke gets props not just from the likes of Buffett but from members of Congress who voted 70-30 to reconfirm Bernanke for a second term.
So what's Ron Paul's beef with the Fed?
He spoke exclusively to Fox Business today about why he feels the Fed must NOT be granted expanded powers in Sen. Chris Dodd's new Consumer Financial Protection plan.