Rep. Weiner To Investigate Beck's Sponsor, Goldline
Reported by Ellen - September 17, 2010 -
Rep. Anthony Weiner (D-NY) announced yesterday that a hearing will take place next week to discuss legislation to regulate gold-selling companies, such as Goldline, a sponsor of Glenn Beck and other Fox News personalities such as Mike Huckabee and Laura Ingraham.
Weiner's press release states:
Goldline employs several conservative pundits to act as shills for its’ precious metal business, including Glenn Beck, Mike Huckabee, Laura Ingraham, and Fred Thompson. By drumming up public fears during financially uncertain times, conservative pundits are able to drive a false narrative. Glenn Beck for example has dedicated entire segments of his program to explaining why the U.S. money supply is destined for hyperinflation with Barack Obama as president. He will often promote the purchase of gold as the only safe investment alternative for consumers who want to safeguard their livelihoods. When the show cuts to commercial break, viewers are treated to an advertisement from Goldline.“Under this proposed legislation, gold dealers will have a much harder time preying upon the nest eggs of vulnerable consumers,” said Weiner. “It’s shameful that companies like Goldline are able to rip off consumers, use misleading and possibly illegal sales tactics, and deliberately manipulate public fears to sell gold coins at inflated prices.”
