Don't wait for the banks to fix our economy

[Adele Edisen]

Aside from Dennis Kucinich's N.E.E.D. Act, there is also action in our Senate, a bill sponsored by Senators Bernie Sanders of Vermont and Barbara Boxer of California. An organization, Democracy for America, is circulating a petition in support of their legislation to bring some kind of control over the Federal Reserve.

Their proposal:

Please join Senators Bernie Sanders and Barbara Boxer and demand an independent Fed that represents the needs of all Americans, and not just powerful Wall Street CEOs.

The Federal Reserve Independence Act would:



-Prohibit banking executives or employees of companies regulated by the Fed from serving on the Federal Reserve's board of directors. 



-Prohibit the banking industry from choosing any members of the Federal Reserve's board of directors.

-Prohibit Fed employees or board members from owning stock or investing in companies that the Fed regulates, supervises or oversees with absolutely no exceptions.
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The Federal Reserve Independence Act would help alleviate the power of monied interests over the Federal Reserve. The ideal solution would be to place the Federal Reserve under the Treasury Derpartment
where it would be a truly national bank owned by the people of the United States and responsible to all of the people of the United States, not to only certain domestic and foreign interests.

If any U.S. citizens are interested in signing the Democracy for American petition in support of the Sanders-Boxer bill in the US Senate, please go to the website:

http://democracyforamerica.com/activitie...reform-now


Adele