Let’s stop the blame game, get off of our duffs, and do something about the debacle that is being perpetrated by our “friends” in Washington. All of the elements (bonuses included) of the AIG bailout were known by the Federal Reserve Bank when it approved the same. What we all agree upon is the need for more transparency. What may help is a letter to your representatives and senators to pass legislation that will provide for at least an independent audit of this secret bank.
Currently, the House of Representatives has a proposed bill, H.R. 1207, that will address this issue, but it is doubtful it will ever get out of committee unless you write your congressman asking for its support. And while you’re at it, write a note to your senators urging them too get off their duffs and propose a similar bill in the Senate.
Maybe, just maybe, we’ll start to open the closed-and-locked door of the Federal Reserve Bank and find out how they are spending our money.
he onus is on-us!
Village of Loch Lloyd