Accountability & Openness in Government/Media

The Federal Reserve Transparency Act

5.29.09
http://firedoglake.com/2009/05/27/fourteen-more-cosponsors-join-alan-grayson-sign-on-to-federal-reserve-transparency-act/

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).

Fourteen more members of the House of Representatives have responded to Alan Grayson’s call and agreed to cosponsor the Federal Reserve Transparency Act.

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 here: http://action.firedoglake.com/page/s/Fed1207

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