2016 Postmortem

questionseverything

(11,525 posts)

39. bernies compromise was successful 96-0

Thu Dec 31, 2015, 12:24 PM

Dec 2015

One of the frequent targets of ire from both the left and right is the Federal Reserve, which critics charge is failing to be “accountable to the President and Congress.” Shortly after noon today, the Senate passed, by a 96-0 vote, Sen. Bernie Sanders’ (I-VT) amendment requiring a one-time audit of the Federal Reserve since Sept. 2008. The audit covers the time when the Federal Reserve became active in using its resources to help prop up rapidly failing financial institutions and megabanks. Sanders had altered his amendment since its original introduction to limit it to an audit of the Fed’s books only since the recent financial crisis. The amendment originally called for a full audit of the institution’s records, and Rep. Ron Paul (R-TX), who successfully passed such a measure in the House of Representatives and advocates for ending the Federal Reserve, referred to Sanders’ amendment as “watered down.”
UPDATE
Sen. David Vitter’s (R-LA) amendment, which echoes the language in the Paul amendment in the House, failed along a 37-62 vote.

http://thinkprogress.org/politics/2010/05/11/96327/sanders-audit-fed/

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

67 replies

= new reply since forum marked as read

Highlight:

The Warren Wing -'Sanders' Plan To Reform The Fed Exposes A Democratic Rift On Wall Street' - HuffPo [View all] WillyT Dec 2015 OP

K&R.... daleanime Dec 2015 #1

Just finished reading that article. HerbChestnut Dec 2015 #2

Thanks... WillyT Dec 2015 #3

This isn't really much of a rift. Both candidates are Hortensis Dec 2015 #29

The difference is Bernie really means it. jhart3333 Dec 2015 #36

Receptive Congress? How many Congressmen has Bernie helped? MADem Dec 2015 #52

2016 is when we come together to win. Hortensis Dec 2015 #54

Everyone hates Congress, but they LOVE their own Congressional delegation. MADem Dec 2015 #56

I believe that's untrue in many districts. There is a tremendous Hortensis Dec 2015 #57

Every election year, people say this. Every year, they return the same assholes to the legislature. MADem Dec 2015 #58

As I said. Hortensis Dec 2015 #60

Pork? Try gerrymandered districts from hell. jhart3333 Dec 2015 #61

But but but, she's going to fight wall street. onecaliberal Dec 2015 #4

Now CUT THAT OUT !!! WillyT Dec 2015 #6

Okay... onecaliberal Dec 2015 #9

She Actually Said That... WillyT Dec 2015 #13

Indeed... onecaliberal Dec 2015 #16

They'd be fighting themselves jfern Dec 2015 #28

Couldn't agree more. onecaliberal Dec 2015 #33

Like all Sanders bill is congress his plan will fail: He would have to lewebley3 Dec 2015 #35

Yawn...yet another "hope nobody actually reads the article" post.... concreteblue Dec 2015 #5

That Was Deep, Man... WillyT Dec 2015 #7

I may have responded to the wrong article concreteblue Dec 2015 #18

K&R libodem Dec 2015 #8

Lawrence Summers, the one who said women aren't as smart as men. CharlotteVale Dec 2015 #10

Kicked and recommended. Uncle Joe Dec 2015 #11

If we have running away inflation, why did the Social Security Benefit check stay the same DhhD Dec 2015 #12

The Fed members would say they're preventing inflation before it happens. NT Eric J in MN Dec 2015 #21

Wall Street shadowmayor Dec 2015 #14

Kicked and recommended! We must lessen the influence of Wall Street at all levels of government. Enthusiast Dec 2015 #15

Iceland was smart enough to take over the banks floriduck Dec 2015 #49

It's incredible but true. I would never vote for a TPP supporter. Enthusiast Dec 2015 #62

K&R nt Live and Learn Dec 2015 #17

"“If I were elected president, the foxes would no longer guard the henhouse,” Sanders wrote. " -odd Amimnoch Dec 2015 #19

Wow salib Dec 2015 #20

I stand corrected. Sanders did make the attempt at the audit.. he just failed at that like almost Amimnoch Dec 2015 #30

Yeah! Why even try? Isn't it much easier just to do the foxes' bidding? mhatrw Dec 2015 #44

Perhaps we should resort to prayer as well? Amimnoch Dec 2015 #47

There is no hope for one without hope. mhatrw Dec 2015 #50

You have described Hillary supporters exactly LiberalLovinLug Dec 2015 #64

it's called a "strawman argument" and ish of the hammer Dec 2015 #55

What a a horrid metaphor! quoddy woman Dec 2015 #66

So... You Just Dropped In From Pluto To Give Us This Profound Opinion ??? WillyT Dec 2015 #22

Isn't it amazing? Plucketeer Dec 2015 #37

One of the more uninformed posts in recent memory dreamnightwind Dec 2015 #25

OOOoooo, busted. You're right, my grammar and use of it's was incorrect. Amimnoch Dec 2015 #31

bernies compromise was successful 96-0 questionseverything Dec 2015 #39

This message was self-deleted by its author Amimnoch Dec 2015 #43

You were proven wrong then you doubled down rather than apologizing dreamnightwind Dec 2015 #41

deleted - responded to my own post by mistake dreamnightwind Dec 2015 #40

Thank you. i think it is unfortunate DEM voters underthematrix Dec 2015 #27

Grow up Perogie Dec 2015 #51

Oohhhh da "bern" Amimnoch Dec 2015 #53

Thanks for the thread, Willy T Proserpina Dec 2015 #23

Anytime Proserpina... Anytime... WillyT Dec 2015 #24

I am part of the Warren wing, that is for sure. Betty Karlson Dec 2015 #26

Ditto ananda Dec 2015 #63

Morning Kick !!! WillyT Dec 2015 #32

+10000000 99Forever Dec 2015 #34

K&R! Thanks, WillyT! Duval Dec 2015 #38

I'm a proud member of the Warren Wing. NCTraveler Dec 2015 #42

Too bad your candidate is not. nt mhatrw Dec 2015 #45

Always that possibility. Nt NCTraveler Dec 2015 #48

Thanks, Willy. Great article. Major Hogwash Dec 2015 #46

Thank You !!! WillyT Dec 2015 #65

Does Wall Street control who will be the next POTUS? Ivan Kaputski Dec 2015 #59

See this 2008 talk by Stiglitz kristopher Dec 2015 #67