

No New Powers For The Fed!


No New Powers For The Fed!
The Issue
In just 10 months, the Federal Reserve has given trillions of taxpayer dollars to the banks. They refuse to tell us who they gave the money to and if we'll ever get it back. The Fed worked with the banks to inflate bubbles and co-founded the biggest crash since the Great Depression. They have been funding billion dollar CEO bonuses for the banks that sit on their boards of directors.
While they operate in a secret bureaucracy and oppose legislation that would audit them, Treasury's Geithner is proposing legislation to expand the powers of the Fed by making them the "supercop" for system-wide risk in the economy. In order to serve and be accountable to the entire public and our economy, the Fed must reformed, not given new powers.
ADD YOUR INFO TO SEND TO THE PRESIDENT AND CONGRESS:
The Issue
In just 10 months, the Federal Reserve has given trillions of taxpayer dollars to the banks. They refuse to tell us who they gave the money to and if we'll ever get it back. The Fed worked with the banks to inflate bubbles and co-founded the biggest crash since the Great Depression. They have been funding billion dollar CEO bonuses for the banks that sit on their boards of directors.
While they operate in a secret bureaucracy and oppose legislation that would audit them, Treasury's Geithner is proposing legislation to expand the powers of the Fed by making them the "supercop" for system-wide risk in the economy. In order to serve and be accountable to the entire public and our economy, the Fed must reformed, not given new powers.
ADD YOUR INFO TO SEND TO THE PRESIDENT AND CONGRESS:
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Petition created on September 9, 2009