NO NEW POWERS FOR THE FED  Share this page:

"In 1913, the Fed was chartered to supervise the banks to act in the public's interest."

PETITION TO OBAMA AND CONGRESS: "The Fed is secretive and a failure - it needs to be reformed, not given new powers. We want a regulator independent of the banks." Geithner's plan can be stopped, sign now.

HEAR FROM THE FED:


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In just 10 months, the Federal Reserve has lent 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 failed to stop bubbles from inflating, setting up, along with the banks, the conditions for 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 be reformed, not given new powers.

ADD YOUR INFO TO SEND TO THE PRESIDENT AND CONGRESS:

Please also consider signing the petition to audit the Fed.






ENDORSERS

Dean Baker, Center for Economic Policy Research
James Kwak, co-founder Baseline Scenario
Zephyr Teachout, asst Professor Fordham University


0-25 of 4020 signatures
Number Date Name Location
4020 September 21, 2011 Cheryl Dzubak Yardville, NJ
4019 July 06, 2011 cunt rosati lockport, NY
4018 May 26, 2011 robert markle wauconda, IL
4017 March 09, 2011 Lisa Koehl Brooklyn, CT
4016 March 09, 2011 carlee trent springfield, OH
4015 March 09, 2011 carlee trent springfield, OH
4014 March 08, 2011 Ian Turner Sacramento, CA
4013 January 01, 2011 James Walker Janesville, WI
4012 December 30, 2010 dian wright garland, TX
4011 October 22, 2010 Mary Hubbard Detroit, MI
4010 September 08, 2010 kathy harris Richmond, VA
4009 September 08, 2010 Maneesh Pangasa pangasamaneesh@gmail.com Yuma, AZ
4008 August 14, 2010 Christopher Hinkle Apache Junction, AZ
4007 August 10, 2010 Hashem jaber Cedar Rapids, IA
4006 August 05, 2010 Bob Ramczyk Brown Deer, WI
4005 July 30, 2010 John Beiswenger South Burlingoton, VT
4004 July 18, 2010 Ginger Nielsen racine, WI
4003 July 13, 2010 Carol Raschick Fort Morgan, CO
4002 July 13, 2010 Levin Welch Boise, ID
4001 July 02, 2010 Rick St. George Sedona, AZ
4000 June 30, 2010 Jeanie Embry Paducah, KY
3999 June 15, 2010 ,
3998 June 07, 2010 Joseph Schroeder Baltimore, MD
3997 May 23, 2010 Shelley Estea Camas, WA
3996 May 05, 2010 ,
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