Last week, Ron Paul and I sent a letter to the Senate Banking Committee about the Chairman of the Federal Reserve, Ben Bernanke.
Before he is reconfirmed for a second term, we think the Senate and American public 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.
It's important that the Senate hear from you. That's why we've launched UnmaskTheFed.com, an easy online tool to let you contact your Senators.
Visit UnmaskTheFed.com and ask your Senators to vote NO on Ben Bernanke's confirmation until the Federal Reserve comes clean on what it has done with OUR money.
It would simply be unreasonable for the Committee to confirm Bernanke to another term given how little is known about what he has actually done. Remember, Ben Bernanke didn't see the crisis coming and has added $1.2 trillion to the Fed's balance sheet through covert bailouts.
The Senate cannot hope to have a full debate over his record if nothing is public. That's why I'm asking them to refuse to move forward until Bernanke releases the following:
- 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.
It's the Senate's responsibility under the Constitution to properly question and debate any of the President's nominees. Without these documents, I don't see any way they can live up to that responsibility. Help me make sure they do.
We deserve to know what the Fed did with OUR money. Visit UnmaskTheFed.com and tell your Senators to vote NO on Ben Bernanke's confirmation until the Fed comes clean.
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