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Audit the Fed

In what is one of the rarest events to occur in the Senate, a unanimous, bi-partisan vote of 96-0 passed the Sanders amendment S.Amdt.3738 to the Financial Reform bill, S.3217.

The Sanders amendment is different than the version of in the house, in that instead of having an ongoing process of auditing the Fed, which I have come around to support as something that needs to happen, it’s a one time audit and deals primarily with the actions the Fed has taken during the financial crisis that we are still struggling to recover from. It’s better than nothing I suppose, and we will finally get to see who the Fed has been lending our tax dollars to over the last year, which could very well expose some serious conflicts of interest.