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    96 - 0 to audit the Feds

    Carol
    Carol
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    96 - 0 to audit the Feds Empty 96 - 0 to audit the Feds

    Post  Carol Fri May 14, 2010 7:56 am

    96-0.

    That was the vote in the Senate to Audit the Fed this afternoon. A unanimous vote to demand transparency at the Federal Reserve, and a unanamious vote against the big banks.

    The Fed controls the nation's monetary supply, but no one outside the Fed is allowed to know what goes on with our money. That means JP Morgan CEO Jamie Dimon, a Fed board member, knows what happens at the Fed, but Congress doesn't. That's just not right.

    Now Congress will learn what went on at the Fed during the bank bailouts. They'll know what happened with AIG, and with their counterparties.

    For the last year, you've signed petitions, called members of Congress, and contributed to our campaign to shine light on the Fed. Without you, it would not have been possible to build a transpartisan alliance to fight for transparency.

    With your help, we put together a vast array of allies. From Alan Grayson and Ron Paul, Bernie Sanders and Jim DeMint, Richard Trumka and Andy Stern, Bob Borosage and Grover Norquist, Firedoglake and the Liberty Coalition. Voices that would usually be in opposition to each other came together to fight for an audit of the Federal Reserve.

    And we won, for now.

    To be clear, this is not a full, annual audit of the Fed. But it's the first step to cracking open the doors of secrecy at the Federal Reserve. Financial reform still needs to move to a conference committee, and we need to guard against changes to the Fed audit from behind those closed doors.

    So take a moment to celebrate this huge, important victory. Then help us push the Fed audit over the finish line.


    http://action.firedoglake.com/AuditTheFedVictory

    Thanks so much for all you do.

    Jane Hamsher
    Firedoglake.com





    Bernie Sanders. A social democrat for the people...
    Youtube - Senate Botes to Examine Federal Reserve lending


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    With deepest respect ~ Aloha & Mahalo, Carol
    Micjer
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    96 - 0 to audit the Feds Empty Re: 96 - 0 to audit the Feds

    Post  Micjer Fri May 14, 2010 8:20 am

    http://www.reuters.com/article/idUSWAT01445120100511

    Just another link.

    The truth is and will continue to come out. People are waking up even if they don't know it!

    FEDERAL RESERVE UNDER SCRUTINY


    The Federal Reserve's role in the run-up and the response to the crisis has come under particular scrutiny, with some lawmakers accusing the Fed of regulatory lapses and some questioning its rescue actions.

    Under a measure approved by a vote of 96 to 0, the investigative arm of Congress would conduct a one-time audit of the central bank's emergency lending since December 2007.

    In addition, the Fed would be required to publicly disclose by December 1 of this year detailed information about which financial institutions it assisted with its lending.

    The Fed had warned that earlier proposals could compromise its independence and make monetary policy vulnerable to political meddling.

    But at least one Fed policy-
    maker on Tuesday said a one-time audit of the Fed's emergency measures would be acceptable.
    Mercuriel
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    96 - 0 to audit the Feds Empty Ooooyeah...

    Post  Mercuriel Fri May 14, 2010 9:39 am

    The Paradigm Falls...

    BOOM...

    Keep up the Energetics Brothers and Sisters...The Tide is turning and the Balance is resetting but before that - Expect swings in that reset as It hunts for Center once again...

    You are All so wondrous - Much Love to You All...

    Its da Wave


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    Peace, Light, Love, Harmony and Unity...

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