The Senate on Tuesday voted unanimously to require a one-time audit of the Federal Reserve’s emergency actions during and after the 2008 financial crisis as part of broad legislation overhauling the nation’s financial regulatory system, The New York Times’s David M. Herszenhorn reports from Washington.
The amendment, proposed by Senator Bernard Sanders, independent of Vermont, above, would require the Government Accountability Office to scrutinize some $2 trillion in emergency lending that the Fed provided to the nation’s biggest banks. The vote was 96 to 0.
“At a time when the Federal Reserve has provided the largest taxpayer bailout in the history of the world, the largest financial institutions in this country, trillion-dollar institutions,” Mr. Sanders said in a floor speech, “the Sanders amendment makes it clear that the Fed can no longer operate in the kind of secrecy that it has operated in forever.”
Holy crap! A pig just flew by my window!
Note: Bernie Sanders is an avowed socialist, which makes it even more astonishing the Republicans voted for it.
DRUDGE RETORT 