As reported by Jim Sinclair. Gee, Ben must be thrilled about that!!!!

Later

Jim Sinclair’s Commentary

Now exactly how will financial TV give the hook to Chairman Paul when Bernanke testifies?

Maybe they will just drop the proceedings from being televised due to low ratings.

Posted at 4:34 PM ET, 12/ 9/2010

Ron Paul to chair monetary policy subcommittee overseeing Fed

By Felicia Sonmez

Texas Republican Rep. Ron Paul is poised to chair the House Domestic Monetary Policy Subcommittee, putting the gavel of the panel overseeing the Federal Reserve into the hands of one of the central bank’s most outspoken critics.

Rep. Spencer Bachus (R-Ala.), the incoming chairman of the House Financial Services Committee, announced Thursday that Paul will head the subcommittee when Republicans assume the majority in the 112th Congress.

"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, adding that the committee’s "first priority is to end the taxpayer funded bailout of Fannie and Freddie."