Sunday, October 25, 2009
Take Action to Defend a Legitimate Audit
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 here to 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
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
Let your senators know you expect them to support the
American people's demand for full transparency, not http://www.auditthefed.com/?mode=actionpage
some watered down measure designed to stop a full audit!
The Audit the Fed Coalition