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
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