Richard Trumka, Andy Stern accuse Fed of massive secret bailouts and cronyism

By: Michael Whitney Thursday November 19, 2009 11:03 am

This is what I call “solidarity.” Richard Trumka, President of the AFL-CIO, Andy Stern, President of the Service Employees International Union (SEIU), and Leo Gerard, President of the Steelworkers Union, both signed a letter with economists, labor leaders, and bloggers blasting Rep. Mel Watt’s amendment to gut the audit of the Federal Reserve.

Press Release: Economists and Labor Leaders Call for Fed to be Audited

By: Michael Whitney Thursday November 19, 2009 10:46 am

Leading economists, labor leaders. authors and bloggers today released a letter in support of the Paul-Grayson amendment, proposed by Rep. Ron Paul of Texas and Rep. Alan Grayson of Florida, which calls for a complete audit of the Federal Reserve. The say that such transparency is necessary due to the many questions surrounding the Fed’s recent activities, and the “potential cronyism and favoritism in its distribution of many trillions of dollars.”

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