Yesterday, Congressmen Ron Paul and Alan Grayson sent an open letter to the Senate Banking Committee about the Chairman of the Federal Reserve, Ben Bernanke. I agree with their sentiments that, before he is reconfirmed for a second term, the Senate should know who got the $2 trillion the Federal Reserve has lent out over the last two years. Only then will the Senate be able to judge whether he should keep his job. Specifically, the Fed must disclose:
(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.
Please vote NO on Ben Bernanke's confirmation until the Federal Reserve comes clean on what it has done with OUR money and answers these inquiries.
Yesterday, Congressmen Ron Paul and Alan Grayson sent an open letter to the Senate Banking Committee about the Chairman of the Federal Reserve, Ben Bernanke. I agree with their sentiments that, before he is reconfirmed for a second term, the Senate should know who got the $2 trillion the Federal Reserve has lent out over the last two years. Only then will the Senate be able to judge whether he should keep his job. Specifically, the Fed must disclose:
(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.
Please vote NO on Ben Bernanke's confirmation until the Federal Reserve comes clean on what it has done with OUR money and answers these inquiries.
http://unmaskthefed.com/
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