Senate now debating Bernie Sanders' amended 'Audit the Fed' amendment. Vote is now proceeding.

[flpoljunkie]

http://www.c-span.org/Watch/C-SPAN2.aspx

[Ian David]

1. When Ron Paul and Bernie Sanders agree on something, all bets are off the table.

I have no idea what happens now.

[flpoljunkie]

2. Gregg supports Sanders' 'Audit the Fed' amendment, but not Vitter's Fed amendment--

which Gregg said would take away the Fed's independence to set money policy and hurt Main Street. Don't know if any Dems support Vitter's amendment, but I doubt it. Sanders said it was never his intention to interfere with the Fed's monetary policy decisions.

[HughMoran]

3. But, but, but...

When I posted the arguments that, before the compromise, Sanders amendment would interfere with monetary policy, I was criticized as if I was a Republican. Now that the roles are reversed - it's OK? :crazy: politics is insane!

[flpoljunkie]

6. Sanders said today his original amendment would not have interfered with monetary policy

I do agree that 'politics is insane' at times.

[HughMoran]

13. ...then he chose to 'modify' it

Well, it passed, so that's done - let's hope it helps shed some light on the Feds fuckups.

[no_hypocrisy]

4. What would Wall Street do if it's discovered there is no money in The Fed, only credit and illusions

[flpoljunkie]

5. Looks like they are now voting on Sanders' amendment.

[flpoljunkie]

7. Crazy Bunning voted 'Aye!' I expect that means there will be no one voting against.

[jtrockville]

8. Just curious... why would anyone be against this?

Unless there's some monkey-business going on at the Fed?

[flpoljunkie]

9. I see no reason for senator to be against this and expect there won't be any.

Judd Gregg was opposed to Sanders' original amendment.

[flpoljunkie]

10. Senator Bernie Sanders modified amendment agreed to 96-0.

[Jersey Devil]

11. vote 96-0 yes (nt)

x

[flpoljunkie]

12. Now voting on Vitter's amendment. I don't think it's a cloture vote.

Expect it to fail.

[flpoljunkie]

14. Vitter's amendment fails 37-62.

Sanders voted for it, along with Feingold, Lincoln and others. Did not hear all the votes.

[flpoljunkie]

15. Senators at weekly policy luncheon until around 2:30PM.

[flpoljunkie]

16. Senators voting on Dodd's amendment to require Treasury to conduct a study on Fannie, Freddie.

Dodd Amdt. No. 3938; To require the Secretary of the Treasury to conduct a study on ending the conservatorship of Fannie Mae and Freddie Mac, and reforming the housing finance system.

Dodd's amendment passed, but the roll call vote is not up yet.

[flpoljunkie]

19. Dodd's amendment passed 63-36.

http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=111&session=2&vote=00139

[flpoljunkie]

17. Senate now voting on McCain amendment addressing Fannie and Freddie.

Knowing it's McCain, I assume it will not be approved. The Dems want to deal with Fannie and Freddie in a separate bill.

[flpoljunkie]

18. McCain's amendment goes down 43-56.