Well, many asked for a change and now they will be left only with a few coins in their pocket. Today, the U.S. Senate voted 62 to 37 against an amendment to allow greater transparency at the Federal Reserve. The Senate failed to vote for the people. What are they hiding? What is the Federal Reserve hiding? Businesses get audited, Non-profits get audited, heck even Banks get audited...why not the Federal Reserve?
The Vitter Amendment replaced the Sanders Amendment that esentially was toothless.
"The Sanders Amendment is no substitute for a complete and thorough audit of the Fed," said John Tate, President of Campaign for Liberty. "With this vote, we now have a record of those who really want transparency and those who only pay lip-service to it while upholding the status quo."
Well, I agree! Let us remember who voted against transparency this November,
“The Dodd bill itself is just another bad piece of legislation, which will benefit no one except the Fed and its friends at big banks,” said Tate. “It institutionalizes bailouts for banks and subsidizes risky financial decisions.”
"If the entire financial regulation bill makes it out of the Senate, it heads to the House, where House Financial Services Committee Chairman Barney Frank will choose which version to move forward on."
Wow, I wonder how Ol' Barney will vote?
Keep your eyes open....
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