rssAudit the Fed Passes in 96-0 Bipartisan Landslide
Tuesday, May 11, 2010 at 12:14 pm
- 16 Comments
Sen. Bernie Sanders’ (I-Vt.) Audit the Fed amendment to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill just passed the Senate in a bipartisan landslide, 96-0 — with every Senator present on board with the populist amendment. The Sanders amendment requires the Government Accountability Office to audit most of the Federal Reserve’s books since Sept. 2008 by Dec. 2010.
Speaking just before the vote, Sanders said that people now “recognize the immense power of the Fed, and people are demanding transparency of the Fed.” He said that when “leaders of largest financial institutions in the country sit down with the Fed…lo and behold programs are developed that benefit those same financial institutions!” — that the Fed’s emergency lending programs, enacted unilaterally, were the driving force behind the amendment.
He also promised: “This is not the end. This is the beginning. We are beginning to lift the veil of secrecy on what is perhaps the most important agency in the United States government.”
The Senate has not voted on Sen. David Vitter’s (R-La.) amendment adding Rep. Alan Grayson (D-Fla.) and Rep. Ron Paul’s (R-Texas) language for continual audits of the Fed. The Sanders amendment does require the Fed to disclose future emergency lending programs.
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16 Comments
Pingback posted May 11, 2010 @ 1:51 pm
[...] View full post on The Washington Independent [...]
Pingback posted May 11, 2010 @ 2:40 pm
[...] to conventional wisdom, there seems to be something on which all U.S. senators can agree: Fuck the Federal Reserve! Sen. Bernie Sanders' (I-Vt.) Audit the Fed amendment to Sen. Chris Dodd’s (D-Conn.) [...]
Comment posted May 11, 2010 @ 4:21 pm
So the sell out version passed?
The one that gets NOTHING the Fed, under attack, hadn't already agreed to give with no bill at all?
What about the Vitter amendment which would put back in the tough, REAL audit language the House passed in its version of the bill?
Comment posted May 12, 2010 @ 3:44 pm
Here are all of the Bank owned Senators that voted down the Vitter amendment. Never vote for them again!!!
Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Begich (D-AK)
Bennet (D-CO)
Bennett (R-UT)
Bingaman (D-NM)
Bond (R-MO)
Boxer (D-CA)
Brown (D-OH)
Brown (R-MA)
Burris (D-IL)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Conrad (D-ND)
Corker (R-TN)
Dodd (D-CT)
Durbin (D-IL)
Feinstein (D-CA)
Franken (D-MN)
Gillibrand (D-NY)
Gregg (R-NH)
Hagan (D-NC)
Harkin (D-IA)
Inouye (D-HI)
Johanns (R-NE)
Johnson (D-SD)
Kaufman (D-DE)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Landrieu (D-LA)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Lugar (R-IN)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Merkley (D-OR)
Mikulski (D-MD)
Murray (D-WA)
Nelson (D-FL)
Nelson (D-NE)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Schumer (D-NY)
Shaheen (D-NH)
Specter (D-PA)
Stabenow (D-MI)
Tester (D-MT)
Udall (D-CO)
Udall (D-NM)
Voinovich (R-OH)
Warner (D-VA)
Whitehouse (D-RI)
Comment posted June 3, 2010 @ 7:48 am
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Pingback posted November 19, 2010 @ 1:36 pm
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 19, 2010 @ 1:56 pm
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 20, 2010 @ 1:10 am
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 20, 2010 @ 9:59 am
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 20, 2010 @ 11:20 am
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 20, 2010 @ 1:03 pm
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 28, 2010 @ 9:00 am
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted November 28, 2010 @ 2:59 pm
[...] the Fed “The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete [...]
Pingback posted November 28, 2010 @ 4:27 pm
[...] agree that the Federal Reserve should be audited. The bill to audit the Fed passed in a bipartisan landslide, and the overwhelming majority of Americans favor a full and complete audit. Given that the Fed has [...]
Pingback posted December 15, 2010 @ 6:11 am
[...] on his amendment to the financial reform bill calling for an audit of the Federal Reserve just passed the Senate 96-0, which means it must be the best legislation ever. (According to the traditions of the Senate and [...]
Comment posted December 31, 2010 @ 8:06 am
Love the post and it took me a long time to scroll down to the bottom with what everyone had to say.
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