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Dear Supporter of Transparency, On Tuesday, Senators Jeff Merkley (D-OR) and Bob Corker (R-TN) introduced "The Federal Reserve Accountability Act," an attempt to derail HR 1207/S 604 by passing a bill that prevents a full audit and full transparency from America's secretive central bank. While language in this bill would permit a limited audit of the Fed's actions in the Troubled Asset Relief Program (TARP) and similar high profile bailouts, it would not allow an audit to review the Fed's inflation of the money supply or its agreements with foreign central banks, among other shortcomings.
Additionally, the names of the institutions who received the funds would not be available until one year after each "emergency" program ended, which is nowhere in sight. Click Hereto get the contact information for your senators and urge them not to support this attempt at stopping our historic effort to force the Fed into a full scale audit. Seventy-five percent of the American people, over two thirds of the House of Representatives, and over a quarter of the Senate support Ron Paul's Audit the Fed legislation. With those historic levels of support, there is no excuse for settling for anything less than a full Audit the Fed bill.
Anything less is merely an attempt to stop our efforts as we get closer to passage of a real bill. Let your senators know you expect them to support the American people's demand for full transparency, not some watered down measure designed to stop a full audit!