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Sweetheart Fed Loans: No One Knows Where the Money Is

The Giant Noodle

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I got this in an email. I ask that you read then SIGN the petition! :thumbs:


I recently asked the Chairman of the Federal Reserve who received the half trillion dollars ($500,000,000,000) the Fed handed over to various banks. He said he didn't know.

Think about that for a minute -- he didn't know!

That kind of ignorance and arrogance must end. We need a full independent audit the Fed. The House has passed it and the Senate could vote on it as soon as tomorrow. It's going to be extremely close -- every vote will count.

Can you sign the PCCC's urgent petition asking the Senate to support the Audit the Fed amendment? (SIGN UP HERE: http://boldprogressives.org/ )

The amendment is simple. If it passes, we'll finally learn how the Fed has been handing billions of dollars to big Wall Street banks like party favors. But if it fails, the Fed can keep handing out our money to whomever it wants, without telling Congress or the American people.

You'd think passing this legislation would be a slam dunk. Wrong. Wall Street bankers and their lobbyists are twisting arms and pouring millions into the campaign coffers of politicians on both sides of the political divide, to keep their sweetheart Fed loans under wraps. We need to counter their influence-peddling by making the Senate listen to the united voice of the American people. (That would be you.)

It's time to step up the pressure. Sign the PCCC's petition NOW. Then, we'll tell you how to contact your senator.

We can pass this, with your help. The amendment is already cosponsored by progressive heroes like Bernie Sanders, Pat Leahy, and Russ Feingold. And joining us in this bipartisans coalition are John McCain, Jim DeMint, David Vitter, and Sam Brownback.

Now we need your senator on board. Can you take a second to sign the PCCC's petition right now? (SIGN UP HERE: http://boldprogressives.org/ )

Courage,

Alan Grayson, Member of Congress
 
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