Senate unanimously approves measure to audit the Fed

[blox87]

The amendment also calls for releasing the names of institutions that received in total more than $2 trillion in loans from the central bank during the peak of the financial crisis.

The provision received a vote of 96-0, with support following a compromise reached late Thursday.

"This makes it clear that the Fed can no longer operate under the kind of secrecy it has been operating under," said Sen. Bernie Sanders, I-Vt., the measure's author.





http://www.marketwatch.com/story/se...-to-audit-fed-2010-05-11?reflink=MW_news_stmp




HMMMMM I wonder if this will impact the markets . Dow is down 70 right now in AH.

 

[tortoise]

yes, the fed just kept this country out of a depression. so it definitely needs to be reigned in.

by congress.

 

[Ivanovich]

Too bad the REAL audit won't ever see public eye, because it was voted down. Instead, you'll get some watered down worthless audit.

"A proposal for a broader audit failed 62-37, with bipartisan opposition."

 

[ehorn]

Quote from tortoise:

yes, the fed just kept this country out of a depression. so it definitely needs to be reigned in.

by congress.

lol...