Monday, May 3, 2010

Demand an audit of the Fed! Sign the petition: First Name Last Name Email ZIP Not ? Click here. Otherwise, just click: The Federal Reserve has handed out trillions of dollars of our money to big banks and refuses to tell Congress who they gave it to. The Senate may be voting on whether to demand an audit as soon as tomorrow -- can you sign our urgent petition in support?

The Fed handed out billions of your money and refuses to say where it went.
Wall Street
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?
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?
Alan Grayson, Member of Congress

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As Jim Hightower explains it, is that “the wealthiest 1 percent of Americans possess more net worth today than the bottom 90 percent of us combined. Worse, these privileged few and their political henchmen have structured a new economic ‘normal’ of long-term joblessness, low wages, no benefits or worker rights, miserly public services, and a steadily widening chasm between the rich and the rest of us.” We must restore sanity to this nation.