HR 1207

Please support HR 1207, tell your representatives in Congress.

HR 1207 provides additional transparency of the Fed. I am not an ideologue on this issue but in 2009 when the US government is bailing out the financial system via the Fed, the US should and needs additional transparency from the Fed. Much like a private business loses some of its freedom to keep finances private from creditors when it needs extraordinary support, so has the Fed lost its case for this privilege. The argument that the Fed works better with a certain arm’s length from the government might hold water (I don’t know), I do know at this point, I would much prefer a thorough transparent understanding and status of the Fed.

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