Liberty Maven

UPDATE: There are now 55 co-sponsors!

A little background:
In 1950 the law was changed to exempt the Federal Reserve from any auditing procedures. Essentially, the Fed can use our tax dollars however they wish, without any obligation whatsoever to disclose what they’re doing. HR 1207 seeks to repeal that portion of the code, so when we ask questions, they HAVE to answer.

Why is this important?
As just one example, the Fed is refusing to give a public accounting of the trillions in recent taxpayer backed loans. Just look at the 700 billion in TARP funds that Congress appropriated and the Fed refused to talk about — we now know a portion of it ended up going to bonuses for the AIG execs.

We deserve to know how our tax dollars are being spent, and allowing the Federal Reserve to remain out of control and shrouded in secrecy clearly allows for abuse.

The good news is that this bill is actually gaining momentum – we’re up to 50 co-sponsors as of today (4/1), which is pretty phenomenal. The American people are starting to demand more oversight and push for transparency, and that’s exactly what we need to get things turned around.

The bad news is that some very powerful special interests really don’t want this to happen, so we’re up against a pretty major hurdle.

So, what can you do to help?
Sign this petition to urge your congressman to co-sponsor the bill.

Find out if your reps are on the list.

Please spread the word about this game-changing bill!

–