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05/21/2009 10:35 AM
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The Federal Reserve Transparency Act - Sign the petition
[link to action.firedoglake.com
Do You Know Where Your $2 Trillion Has Gone?
Since 2008, the Federal Reserve has loaned trillions of dollars in bailout money but refuses to tell Congress where it went. Legislative action is needed.
The Federal Reserve Transparency Act would give the GAO the authority to audit the Federal Reserve and report its findings to Congress. The bill was written by Rep. Ron Paul and has 165 cosponsors, mostly Republicans.
Democratic Congressman Alan Grayson is now working to get Democratic cosponsors for this bill (see Grayson's letter here).
If you think that it's time to bring some transparency to our financial system, please endorse the bill and Rep. Grayson's letter by adding your name to the list.
The urge to save humanity is always a false front for the urge to rule it. - HL Mencken