I wasn't sure if most of you were aware that the much hyped Sander's amendment to audit the Fed is good for only a one-time audit starting from transactions that took place since December 2007. Granted, this is worth auditing but the problem is that the Sanders amendment is only for one single audit. If you want the Fed to be audited in the future, we'll need another bill passed that gives the GAO permission to do so.
While I support auditing the Fed, I think this amendment is pretty weak. All we are asking for is one audit and everyone is going crazy over this. Just imagine if we tried to have regular audits of the Fed?
Anyway, I didn't provide a link because it's being carried by several credible news outlets online. Just google one-time Fed audit and you'll see it come up with dozens of hits.
Sorry this diary is so short, but there's really nothing left to say on this.
Thanks for reading.
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