Crisis on Wall Street

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Crisis on Wall Street

The Federal Reserve's recent bailouts of Fannie Mae, Freddie Mac, and AIG have cost American taxpayers hundreds of billions of dollars, and the price may ultimately be in the trillions. The current economic turmoil is a direct result of the Federal Reserve's artificial lowering of interest rates - which spurred major banks and other corporations to back bad mortgages. Now, Treasury Secretary Henry Paulson (former CEO of Goldman Sachs) and Federal Reserve Chairman Ben Bernanke want American taxpayers to take on $700 billion in these bad mortgage-related assets.

What can I do?

The Federal Reserve's authority to use taxpayer money to bail out Wall Street must be revoked and the “Fed” must be held accountable.

Contact your representative and senator today and let them know that it is time to end the Federal Reserve's stranglehold on our economic future!

Ask them to reject the Paulson and Bernanke plan to prop up reckless banks at your expense.

Capitol Hill switchboard - (202) 224-3121

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