Posted by silent0 on 08/22/09

Dear Senator Klobuchar,

In August you (or your office) responded to my concerns about the Federal Reserve and the need for true accountability of that quasi-governmental entity. You said that you would consider my views and the views of all Minnesotans. Please consider then the recent news that 3 in 4 Americans favor auditing the Federal Reserve. A look at the poll numbers shows other trends favoring a closer look at one of the most powerful institutions in America:
http://www.rasmussenreports.com/public_content/business/general_business/july_20
09/75_favor_auditing_the_fed .

I'm certain that you and your fellow Senators have studied American history and the Constitution. You must therefore be aware of the need for checks and balances. The Federal Reserve as it now exists is unchecked. It can carry out the lending of our currency--the lifeblood of commerce--in closed rooms and only release selected details of meetings years after they have occurred. It can, and does, lend trillions to foreign banks overnight. It's power over interest rates gives it the real power of the purse today and it's transactions with foreign governments and banks give it unchecked power in the realm of foreign policy as well.

For these reasons and more please consider signing your honorable name as a co-sponsor of S 604, the Federal Reserve Sunshine Act of 2009. Signing on as a cosponsor will not put you at odds with your party and it can only help win you favor with the concerned voters of this nation.

I don't have political clout or a great resume. I'm just a concerned father trying to get by. No mailing list or website told me to contact you today, just my conscience. Please act on your conscience and use the political influence you have to take a stand against corruption, secrecy, and unchecked power.

Posted by silent0 on 08/22/09

In the midst of the ongoing financial crisis and the embarrassment of Congress's failure to provide oversight over AIG, voters are becoming intensely aware of how their hard-earned tax-dollars are being misused. For too long now the decisions of the Federal Reserve, our nations highest banking authority, have been shrouded in secrecy. The Federal Reserve has been active in buying up toxic assets and providing "stimulus" to struggling businesses, but the exact nature and amount of these expenses are not transparent. Please join the growing bi-partisan support for the Federal Reserve Transparency Act and make sure that when the next oversight scandal occurs, you will be blameless. You will be making a difference for generations to come, holding accountable an entity that controls a major portion of the US economy. Please support S 513 and be a voice for accountability and change.