{"id":1716,"date":"2010-05-03T14:07:49","date_gmt":"2010-05-03T19:07:49","guid":{"rendered":"http:\/\/jimbovard.com\/blog\/?p=1716"},"modified":"2010-05-03T14:07:49","modified_gmt":"2010-05-03T19:07:49","slug":"audit-the-fed-dammit","status":"publish","type":"post","link":"https:\/\/jimbovard.com\/blog\/2010\/05\/03\/audit-the-fed-dammit\/","title":{"rendered":"Audit the Fed Dammit"},"content":{"rendered":"

Nation magazine columnist John Nichols has an excellent piece<\/a><\/strong> today on why Obama should reverse his position and support Auditing the Fed. Nichols mentions that Sen. Bernie Sanders will offer an amendment this week to attach ‘Audit the Fed’ to the so-called banking regulation reform bill: <\/p>\n

The Sanders amendment would require the Fed to name big banks that pocketed the trillions of dollars in secret subsidies \u2013 even as, in many cases, it now appears that those banks were claiming to have repaid acknowledged bailouts. <\/p>\n

Sanders is working in conjunction with Ron Paul, who has succeeded in winning broad support in the House for Fed accountability. Sanders’ office notes the “unlikely pairing” of a socialist from Vermont and a libertarian from Texas<\/p><\/blockquote>\n

Here are links to some of my earlier posts on this subject:
\nJanuary 2010: Dump Bernanke and Audit the Fed<\/strong> <\/a>
\nJuly 2009: Washington Post Condemns Open Government [Audit the Fed] <\/strong><\/a>
\nMay 2009: Audit the Fed Surging – 110 Co-Sponsors <\/strong><\/a>– <\/p>\n

** If Congress believes that Americans have no right to know who receives trillions of dollars of de facto government benefits, then the only decent step is to end any pretense of representative government in this nation. <\/p>\n","protected":false},"excerpt":{"rendered":"

Nation magazine columnist John Nichols has an excellent piece today on why Obama should reverse his position and support Auditing the Fed. Nichols mentions that Sen. 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