Sanders Concerned White House May Kill Fed Audit Amendment

[babsbunny]

http://tpmdc.talkingpointsmemo.com/2010/05/sanders-concerned-white-house-may-kill-fed-audit-amendment.php

Brian Beutler | May 4, 2010, 3:40PM

Sen. Bernie Sanders (I-VT) has rounded up an impressive, bipartisan array of cosponsors to an amendment he authored requiring an audit of the Federal Reserve. Just today, he added Sens. Jeanne Shaheen (D-NH) and Maria Cantwell (D-WA) to a list that includes 12 Republicans, seven Democrats, in addition to Sanders himself.

In the past, a different version of legislation opening up the fed to audit received 59 votes--one shy of the 60 required to break a filibuster. But eight of the Republicans who voted no are now cosponsors of Sanders' amendment. That should mean it's a shoo-in, right?

Not necessarily.

[Ruby the Liberal]

1. This is SO irritating.

WHY would the admin oppose a freaking AUDIT??

:grr:

[truedelphi]

3. Politicians tend to dislike exposing the

Ugliness of the Big Corporations that they are in bed with.

[easilynervous]

2. k & r n/t

[saracat]

4. I am beginning to wonder if the WH supports anything progressive

or constructive? Why the heck wouldn't they support this? Without oversight the Financial Reform would just be baloney.

[amborin]

5. big dark secrets they're terrified will be exposed; the Fed

made unpublicized bailouts to banks even before TARP

see Robert Reich's "the fed is in hot water"

[Ruby the Liberal]

6. And prior to this admin. Unless corruption goes all the way to the top, they should support this.

[amborin]

8. it prolly goes to Geithner

he was at the ny fed when it made the unpublicized maiden lane bailouts

[The Northerner]

7. K&R

The Fed and its cronies obviously don't want something devastating to be exposed...

[slipslidingaway]

9. knr nt