Senate Democratic Leadership Blocks Bill To Audit The Fed (Clip)
Jul 7, 2009 at 3:40 PM
DailyBail in audit, bailouts, ben nelson, congressional hearings, federal reserve, federal reserve, federal reserve investigation, hr 1207, jim demint, ron paul, s 604

Senator Jim DeMint Gets Shut Down By Democratic Leadership

I try to remain non-partisan, but this is an issue where the Republicans are categorically and procedurally correct, and the Democrats are protecting the Federal Reserve and specifically its Mephistophelean pile of maggot shit for a balance sheet.

This is debate from the Senate floor yesterday on S 604 Bernie Sanders companion bill to Ron Paul's HR 1207, to audit the Federal Reserve.  Learn how Senate Democrats flagrantly abused Rule 16 to block an audit of the Federal Reserve.  Bastard politicians.  Kindly, go f**k yourselves.

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There's more....keep watching.  The exchange includes Democratic Senator Ben Nelson.


Please email this story to a few friends.  This is one we need to disseminate far and wide.


Details from Reuters:

The U.S. Federal Reserve, facing growing pressure as it tries to heal the ailing economy, dodged a bullet on Monday when the U.S. Senate cast aside a new effort to increase scrutiny of the central bank.

On procedural grounds, the Senate blocked a bid to permit the U.S. comptroller general, who heads the investigative arm of Congress known as the Government Accountability Office, to audit the Federal Reserve system and issue a report.

Republican Senator Jim DeMint, who has been pushing for greater transparency at the Fed, failed to get the provision attached to the must-pass annual spending bill that includes funding for the GAO for the upcoming 2010 fiscal year.

The audit would have included details about the Fed's discount window operations, funding facilities, open market operations and agreements with foreign central banks and governments, DeMint said on the Senate floor.

"The Federal Reserve will create and disburse trillions of dollars in response to our current financial crisis," DeMint said. "Americans across the nation, regardless of their opinion on the bailout, want to know where the money has gone.

"Allowing the Fed to operate our nation's monetary system in almost complete secrecy leads to abuse, inflation and a lower quality of life," he said.

Democrats who control the Senate blocked the South Carolina Republican's amendment on the grounds that it violated rules prohibiting legislation attached to spending bills.

Fed officials were not immediately available to comment.

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