Alan Grayson Launches: UnMaskTheFed.com

cal04

(1000+ posts) Send PM | Profile | Ignore

Tue Oct-13-09 09:40 PM
Original message

Alan Grayson Launches: UnMaskTheFed.com

Edited on Tue Oct-13-09 09:47 PM by cal04

by Badabing
more at link
http://www.dailykos.com/story/2009/10/13/792964/-Alan-Grayson-Launches:-UnMaskTheFed.com

The new, improved 'Eliot Ness of Wall Street,' has just asked all Americans for their help in his efforts to stop the confirmation of Ben Bernanke as Chairman of the Federal Reserve.

Congressman Alan Grayson wants a simple question answered: What Banks or individuals were given over $ 2 trillion dollars of tax payer dollars in 'secret loans' out the back door of the Federal Reserve.

Where is our money? What did you do with our money Mr. Bernanke, and who the hell are you to tell the American taxpayer that it is none of our business? Oh, the temerity of it all. How dare a young upstart from the House of Representatives have the 'balls' to go after the 'man behind the curtain' who was more responsible for the great 'Heist of 2008' than any other person, with the exception of his predecessor, Alan Greenspan.

Congressman Grayson is asking that people contact their Senators to voice their support in his efforts for Senator Bernie Sanders Bill - S604 (The Sunshine Auditing Act) to insist on an audit of the Federal Reserve. There are now 300 co-sponsors for RS 1204 to Audit the Federal Reserve in the House bill. Below is some additional information that Congressman Grayson is looking to find out:

It's important that the Senate hear from you. That's why we've launched UnmaskTheFed.com, an easy on line tool to let you contact your Senators.

Visit UnmaskTheFed.com and ask your Senators to vote NO on Ben Bernanke's confirmation until the Federal Reserve comes clean on what it has done with OUR money.

It would simply be unreasonable for the Committee to confirm Bernanke to another term given how little is known about what he has actually done. Remember, Ben Bernanke didn't see the crisis coming and has added $1.2 trillion to the Fed's balance sheet through covert bailouts.

The Senate cannot hope to have a full debate over his record if nothing is public. That's why I'm asking them to refuse to move forward until Bernanke releases the following:

1. Information that Bloomberg reporter Mark Pittman has requested via a Freedom of Information Act Request on the Bear Stearns rescue and that the Federal Reserve is contesting in the courts.

2. Information I requested in February on which institutions received the additional $1.2 trillion, how much each institution received, and what was promised in return.

3. All Federal Reserve documents that went to Attorney General Andrew Cuomo's office relating to the Bank of America/Merrill Lynch merger in which potentially illegal and coercive activity might have occurred, as well as all Federal Reserve documents relating to the lawsuit pursued by Merrill Lynch shareholders in the US District court for the Southern District of New York.

4. Transcripts of all Open Market Meeting Minutes up to and including that of September, 2009.

5. Full disclosure of all terms and conditions of all off-balance sheet Fed transactions in the past three years.

It's the Senate's responsibility under the Constitution to properly question and debate any of the President's nominees. Without these documents, I don't see any way they can live up to that responsibility. Help me make sure they do.

We deserve to know what the Fed did with OUR money. Visit UnmaskTheFed.com and tell your Senators to vote NO on Ben Bernanke's confirmation until the Fed comes clean.

Read more at: http://www.huffingtonpost.com/rep-alan-grayson/wheres-our-money_b_318531.html
http://unmaskthefed.com/
Where's Our Money?

Chairman of the Federal Reserve, Ben Bernanke, is up for confirmation to his second term, but he has still refused to disclose where he sent $2 trillion in taxpayers' money. Send a message to your Senators and ask them to make Bernanke come clean before his confirmation moves forward!