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appalachiablue

(41,170 posts) Tue Jan 12, 2016, 11:41 PM Jan 2016

Democratic Presidential Candidate Bernie Sanders Supports Bill to Audit Fed

Source: Yahoo News/Reuters

WASHINGTON (Reuters) - U.S. presidential candidate Democrat Bernie Sanders voted on Tuesday in favor of a bill that would require audits of Federal Reserve monetary policy decisions, his campaign said in a statement following the vote.

Sanders said he supports the bill because too much of the U.S. central bank's business is conducted in secret.

"Requiring the Government Accountability Office to conduct a full and independent audit of the Fed each and every year, would be an important step towards making the Federal Reserve a more democratic institution that is responsive to the needs of ordinary Americans rather than the billionaires on Wall Street," Sanders said in the statement.

Read more: http://news.yahoo.com/democratic-presidential-candidate-bernie-sanders-supports-bill-audit-204239758--business.html

Article 6 hrs. ago.
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- Sen. Bernie Sanders Speaking at the Iowa Black and Brown Forum at Drake University, Des Moines, Iowa, Jan. 11, 2016

7 replies

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Highlight:

Democratic Presidential Candidate Bernie Sanders Supports Bill to Audit Fed (Original Post) appalachiablue Jan 2016 OP

New Jersey's Jim Florio audited the state, cancelled it after the first dept. revealed $1B in waste. TheBlackAdder Jan 2016 #1

The bast part is, a lot of Republicans think Rand Paul is the only to have ever done this. forest444 Jan 2016 #2

The bill fell short 53-44. Eugene Jan 2016 #3

"Supports" the bill? Why didn't he introduce it? As usual, not a leader but a follower. George II Jan 2016 #4

He was a co-sponsor. It was Rand Paul's bill. Eugene Jan 2016 #5

Well I'm all for it, but I wish he'd waited until his secret service team was in place. silvershadow Jan 2016 #6

That was my thought exactly. zentrum Jan 2016 #7

TheBlackAdder

(28,211 posts)

1. New Jersey's Jim Florio audited the state, cancelled it after the first dept. revealed $1B in waste.

Reply to appalachiablue (Original post)

Wed Jan 13, 2016, 12:01 AM

Jan 2016

.

I'm for auditing anything that affects public policy and directly impacts citizens.

.

forest444

(5,902 posts)

2. The bast part is, a lot of Republicans think Rand Paul is the only to have ever done this.

Reply to appalachiablue (Original post)

Wed Jan 13, 2016, 12:08 AM

Jan 2016

When, as we all know here on DU, only Bernie Sanders has (in 2009).

It's worth remembering that this is how we learned that, far from the $700 billion headline TARP figure, the Wall Street bailout exceed $20 trillion (which the Fed simply printed, of course).

Eugene

(61,939 posts)

3. The bill fell short 53-44.

Reply to appalachiablue (Original post)

Wed Jan 13, 2016, 12:47 AM

Jan 2016

Senate rejects Rand Paul's 'Audit the Fed' legislation (Associated Press)

Senate rejects Paul’s push to audit the Fed (The Hill)

Most Republicans voted for it. Most Democrats, notably including Elizabeth Warren, voted against it.

George II

(67,782 posts)

4. "Supports" the bill? Why didn't he introduce it? As usual, not a leader but a follower.

Reply to appalachiablue (Original post)

Wed Jan 13, 2016, 12:54 AM

Jan 2016

Eugene

(61,939 posts)

5. He was a co-sponsor. It was Rand Paul's bill.

Reply to George II (Reply #4)

Wed Jan 13, 2016, 01:06 AM

Jan 2016

Sanders has worked towards auditing the Fed for years,
previously with Rand's father, Ron Paul.

silvershadow

(10,336 posts)

6. Well I'm all for it, but I wish he'd waited until his secret service team was in place.

Reply to appalachiablue (Original post)

Wed Jan 13, 2016, 01:11 AM

Jan 2016

Of, course, come to think of it, JFK had a team too and it didn't do him much good.

zentrum

(9,865 posts)

7. That was my thought exactly.

Reply to silvershadow (Reply #6)

Wed Jan 13, 2016, 01:44 AM

Jan 2016

His fearlessness is what makes him the fighter he is, but at the same time, he needs protection. Wish he'd set it in place soon.

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