Herman Cain, What Should I Do Now?

Dear Mr. Cain,



Above is a clip of remarks you made while guest hosting the Neal Boortz Show radio show. Specifically, you said that there is no need for additional audits of the Fed and recommended that people just call up the Federal Reserve to get answers from them. Further, you suggested that people should just sit down with the PR people at the Fed.

On your recommendation, I contacted the Federal Reserve Bank of New York and raised concerns about the trading the NY Fed does with Primary Dealers, such as Goldman Sachs.The reply I received from Eric Pajonk in Media Relations and Public Affairs Federal Reserve Bank of New York consisted of a modern day document dump. He sent me links to seven Federal Reserve web pages that have nothing to do with the data I requested.

As far as my getting to sit down with the Fed and going over the data I really want to see. This is what Pajonk wrote in the email:

Thank you for your inquiry. While you are welcome to visit the New York Fed as a member of the public we are not able to fulfill your request for an appointment.

Mr. Cain, I don't want to take a public tour the New York Fed and look at the building's architecture, I want answers to trades made between the New York Fed and the primary dealers, such as Goldman Sachs, JPMorgan Chase and Morgan Stanley.Your suggestion that I could just call up the Fed and, as you put it, "sit down with them," has resulted in total failure.

What should I do now, Mr Cain? Do you still think there is no need for an audit? Perhaps, as the former Chairman of the Kansas City Fed, you will have better luck getting the information on trades between the NY Fed and the Primary Dealers? Would you be willing to do this for me?

Sincerely,

Robert Wenzel
Editor and Publisher
EconomicPolicyJournal.com