
The Federal Reserve meets in secret, it's ledgers are secret, even the bank operations are in secret. Yet, the Fed operates with great power over our financial systems and our national monetary policy. As a result of recent changes, the Fed now purchases mortgage securities, treasuries, and bonds. The Federal Reserve alone sets interest rates. Yet, all of these actions are taken without consent of our representatives in Congress.
At this time, 179 members of Congress have co-sponsored this needful legislation-- including 33 Democrats and 146 Republicans. So far, Congressmen Rogers, Aderholt, and Bachus from Alabama have signed onto this legislation. Congressmen Bonner, Bright, Parker, and Davis have not signed on as co-sponsors. If just the Republicans would sign on (31 have not), we would be able to force a vote on this legislation. I would hope that you would contact your representative and ask them to sign on as co-sponsor of this vital, needful, and sensible legislation.













1 comments:
I had tried to write a brief comment to this, but soon exceeded the 4,096 character limit for posting comments! Instead I direct everyone to my own blog for what I have to say on this subject.
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