Video Update from Dr. Paul: Sanders Sold Out on Audit The Fed Amendment; Keep Calling!Submitted by j on Thu, 05/06/2010 - 22:13
From Ron Paul's Facebook:
Bernie Sanders has sold out and has sided with Chris Dodd to gut Audit the Fed in the Senate. His "compromise" is what the Administration and banking interests want - they'll allow the TARP and TALF to be audited, but no transparency of monetary policy decisions,discount window operations or agreement with foreign central banks. We need to take aciton and stop this!
The amendment limits the audit only to emergency lending, the GAO would be barred from looking at the Fed's foreign central bank swaps and its purchasing of mortgage debt from Fannie Mae and Freddie Mac, which is considered part of open market operations and not emergency lending.
A copy of the modifications was not immediately available.