Absolutely Everything Else: Audit the Fed Amendment Modified

Friday, May 7, 2010

Audit the Fed Amendment Modified – Allows Fed To Keep Secrets

Ron Paul just posted the following message on Facebook:

Ron Paul: "Bernie Sanders has sold out and 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 the FOMC, discount window operations or agreement with foreign central banks. We need to take action and stop this!"

John Tate (Campaign for Liberty) immediately sent out the following alert:

Dear C4L Member,

Any time you find out Senator Chris Dodd is in support of something – watch out.

According to our sources on the Hill, Senator Bernie Sanders caved to pressure from the White House and Chris Dodd and stripped out the Paul-Grayson language from his Fed transparency amendment.

What Sanders is now proposing is essentially the Watt amendment we all opposed last year in the House. In addition, it supports just a one-time audit.

Talking Points Memo reports that, "In order to allay some of the White House's and the Fed's concerns, Sanders has agreed to limit the scope of what the Government Accountability Office would be allowed to audit–but his plan will still require thorough review of all the Fed's emergency lending, beginning December 1, 2007."

Call Senator Sanders' office at (202) 224-5141 and tell him how you feel about this last-minute sell out.

Click here for contact information for your senators and urge them to oppose the Sanders Sellout. Tell them to put back in the original Paul/Grayson language.

A vote could come even late tonight or early tomorrow. Let your senators know where you stand right away.

The American people deserve a real audit.

In Liberty,

John Tate
President