Dear Attorney General Holder:

We write to demand an immediate investigation into the activities of White House Chief of Staff Rahm Emanuel. We believe there is an abundant public record which establishes that the actions of the White House have blocked any investigation into his activities while on the board of Freddie Mac from 2000-2001, and facilitated the cover up of potential malfeasance until the 10-year statute of limitations has run out.

There’s a strange political cocktail brewing in Washington, one that mixes top conservative strategist Grover Norquist and tea party organizers at FreedomWorks with democratic socialist Sen. Bernie Sanders (I-Vt.), progressive activists and public interest advocates.

December 3, 2009

Dear Members of the U.S. Senate:

In the last two years, the Federal Reserve Board has lent several trillion dollars to banks and other private companies, financial and non-financial institutions through a series of special lending facilities. The total amount of loans made through facilities exceeds the annual budget of the United States. In addition, it guaranteed trillions of dollars of various assets and also made hundreds of billions of dollars available to several foreign central banks through currency swap arrangements.

For nearly a century the Federal Reserve has operated in the shadows, away from the prying eyes of Congress, journalists and the American people. Created in 1913, the Fed was given enormous responsibility to protect the value of our currency. Yet in the last 96 years the U.S. dollar has lost more than 95% of its purchasing power. The Fed's unprecedented actions over the past year in attempting to stabilize the financial system have now forced it into the spotlight, and caused millions of people around the country to question the opacity of the Fed's financial transactions.

Bloomberg News has filed a Freedom of Information Act request seeking copies of the term sheets related to AIG’s counterparty payments, along with e-mails and the logs of phone calls and meetings among Geithner, Friedman and other New York Fed and AIG officials. The request is pending. Full Story

Congressman Paul's bill H.R. 1207 as of today has 234 co-sponsors and Sen. Sanders bill S. 604 in the Senate now has Senator DeMint and Senator Vitter as cosponsors.

Very disturbing video on the lack of oversight and transparency at the Federal Reserve. Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?

Other video:

Following President-Elect Obama's favorable reaction to the challenge issued by Republican Whip Eric Cantor regarding the need for transparency in the stimulus negotiations, CFA and ATR have sent a letter to the President-Elect backing up the Whip's call. We believe that given the anticipated size and scope of the yet-to-be-written stimulus package, the highest transparency and accountability standards should be applied to both the negotiation process as well as the likely implementation. In the letter, we're outlining what we believe must happen for these standards to be met.

Following President-Elect Obama's favorable reaction to the challenge issued by Republican Whip Eric Cantor regarding the need for transparency in the stimulus negotiations, CFA and ATR have sent a letter to the President-Elect backing up the Whip's call. We believe that given the anticipated size and scope of the yet-to-be-written stimulus package, the highest transparency and accountability standards should be applied to both the negotiation process as well as the likely implementation. In the letter, we're outlining what we believe must happen for these standards to be met.