If all goes well today or possibly tomorrow, the Senate will approve an amendment from Bernie Sanders to allow a complete GAO audit of the Fed that will then be included in the Dodd financial reform bill that eventually will be voted on by the full Senate. And after the Goldman fiasco, some version of the Dodd bill is going to pass. The fun will be found following the amendment trail.
Considering that the House of version of reform passed last Fall already includes the Paul-Grayson amendment for a Fed audit, there will be no congressional pressure to remove it from the bill in during House-Senate conference. The only pressure will be coming from Rahm Emmanuel, Geithner and the White House.
At the point, Obankster will have 2 choices -- accept a Fed audit as part of the bill OR risk voter wrath and veto the legislation that he fought 9 months to get passed.
The latest links are inside including some very interesting Fed lobbying details from Ryan Grim that have just been published.
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Video: Ratigan with Ron Paul & Alan Grayson -- Audit The Freaking Fed -- May 3, 2010
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BANKSTER USA: Sign the Petition -- Audit the Fed!
Snip:
Senator Bernie Sanders is rallying the troops again for his amendment to the Senate financial reform bill to audit the Federal Reserve. While the Treasury Department is posting TARP bailout recipients and amounts on their web page, the Fed is quietly spending much more, as much as $2 trillion, but is not telling us who is getting the money or why. Sanders' bill parallels the Ron Paul-Alan Grayson language from the House bill. Now if Senate leaders would only put the amendment to a vote, we might find out where the Banksters hid the big bucks.
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May 5
What Would the Sanders Amendment Do to the Fed? (WSJ Economics Blog)
Effort to expand audits of Fed picks up steam in Senate (Wash Po -- Latest)
Sanders Concerned White House May Kill Fed Audit Amendment (TPM)
Fed Audit Amendment Gaining Momentum (Ryan Grim -- Latest)
Sen. Shaheen Flips From 'NO' -- Co-Sponsor Of Audit The Fed Amendment
Call Your Senators Today to Audit the Fed (FDL)
Unions, Economists Join Push to Audit Fed as Obama and Bankers Fight Back
Rotating Villains and Audit the Fed: Which of the 67 Will Toady to Wall Street?
Federal Reserve Trying Divide And Conquer Strategy To Kill Audit
Deal Killer? White House Takes Aim At Fed Audit Provision
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May 4
BREAKING: Fed Privately Lobbying Against Audit, Documents Show (Ryan Grim)
Sen. Sanders to Push Fed Audit Amendment (WSJ)
Rahm Emanuel Working With Fed To Beat Back Audit (Ryan Grim)
President Obama Is Wrong About the Fed (Nation)
Sanders: Audit the Fed Amendment “Probably” Will Need 60 Votes To Pass
Durbin: No Agreement on 60-Vote Requirement For Reform Amendments
Why Is There Even a Question About Auditing the Fed After it Failed So Badly?
Who Got Our $1,000,000,000,000? (Alan Grayson Editorial & Video)
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Links will be added all afternoon as warranted.
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