The Break #2 For 5/11/10: The One Time Audit Bill Is Passed, But Grayson-Paul Version Falls
Despite it being just one audit, and it going back to only 2007 (good centrist protection policy), the audit of the Fed has been pass through the House of Lord, I mean, the Senate, by a rousing 96-0 vote. Comprehensive across the board bi-partisanship that will make the White House and David Broder smile, as Bernie Sanders tampered down amendment goes through. But the bi-partisanship didn't extend to an even stronger version of Grayson-Paul's version through the David "Diaper Man" Vitter's window dressing amendment, trying to steal the shine of Grayson and Paul. So him not getting credit for that is the only saving grace of not passing something that should have been passed. And get this key tidbit from the invaluable David Dayen on how scared Blanche Lincoln is right now of Bill Halter : …The amendment passes 96-0. Having that many Senate votes for this level of transparency from the Fed will be a powerful symbol that something’s rotten at the central ba...