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Senate Support For "Audit The Fed" At 25 Co-Sponsors

Tyler Durden's picture




 

With HR 1207 passage now guaranteed in the House, it is time to focus attention on the Senate. As of last count, there were 25 co-sponsors for Sen. Bernie Sanders' S 604 Bill: "The Federal Reserve Sunshine Act of 2009."

Below is the list of the 25 who have so far voiced with two third of the American people. As of now, there are still 75 who are siding on behalf of Wall Street.

The 25 co-sponsors, 19 republicans and 6 democrats:

John Barrasso [R-WY]

Robert Bennett [R-UT]

Samuel Brownback [R-KS]

Richard Burr [R-NC]

Benjamin Cardin [D-MD]

Saxby Chambliss [R-GA]

Thomas Coburn [R-OK]

John Cornyn [R-TX]

Michael Crapo [R-ID]

Jim DeMint [R-SC]

Byron Dorgan [D-ND]

Russell Feingold [D-WI]

Lindsey Graham [R-SC]

Charles Grassley [R-IA]

Thomas Harkin [D-IA]

Orrin Hatch [R-UT]

Kay Hutchison [R-TX]

James Inhofe [R-OK]

John Isakson [R-GA]

Blanche Lincoln [D-AR]

John McCain [R-AZ]

Lisa Murkowski [R-AK]

James Risch [R-ID]

David Vitter [R-LA]

Jim Webb [D-VA]

 

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Wed, 09/16/2009 - 16:59 | 71588 Mos
Mos's picture

List of 75 will be a good place to start when shit hits the fan and the people demand justice.

Wed, 09/16/2009 - 17:17 | 71609 Mr. Anonymous
Mr. Anonymous's picture

"I would like to know why I did not see the Senator's name on Senator Sanders' list of sponsors to the Federal Reserve Sunshine Act auditing the Fed.  As I'm sure the Senator is well aware, a large majority of Americans are clamoring for visibility into what the Federal Reserve is doing as steward of their currency and I'm sure the Senator is sensitive to the overwhelming desires of his/her constituency, especially as we enter the new election cycle.  As this was surely no more than an oversight the Senator will want to correct, I look forward to checking back and seeing your name properly on the list.  Thank you and have a good day."

 

Blow it up, peeps.  To the ramparts we go.

Wed, 09/16/2009 - 17:25 | 71622 Commander Cody
Commander Cody's picture

Thanks for the cut and paste.  Message away.

Wed, 09/16/2009 - 18:12 | 71678 Veteran
Veteran's picture

Second.  Although I've emailed those brainless morans (CA) about this several times and have a growing number of form emails in my inbox.  Your message is much less profane than mine

Thu, 09/17/2009 - 08:43 | 72162 Anonymous
Anonymous's picture

You are a lot nicer than I was, but I've contacted Dodd on this one at least 20 times since March...

I find my correspondence with him getting increasingly accusatory.

I just hope that Schiff doesn't get knocked out with a pile driver by Vince McMahon's wife...

Our Senate is turning into an episode of Jerry Springer...

Wed, 09/16/2009 - 17:09 | 71600 E Thomas St.
E Thomas St.'s picture

Work those phones, send those emails. You won't find out if we can get to 67 if you don't put in the effort.

Wed, 09/16/2009 - 17:43 | 71648 luster
luster's picture

Done and done.

Wed, 09/16/2009 - 17:11 | 71603 deadhead
deadhead's picture

Sens. Schumer and Gillibrand:

As a New York resident, I assure you that I and those that I influence are looking for you to cosponsor this legislation and pass it.

 

Wed, 09/16/2009 - 17:39 | 71642 Grifter
Grifter's picture

+1 (Rochester)

Wed, 09/16/2009 - 18:57 | 71742 Anonymous
Anonymous's picture

CHUCKY!
COME OUT & PLAY!
+2 (Brooklyn baby)

Wed, 09/16/2009 - 17:15 | 71604 . . .
. . .'s picture

Call the 75 pro-wall street Senators, and tell them you'll contribute money to their opponents in their next election unless they co-sponsor the bill to audit the Fed.

Contribute money to those in the 25 pro-audit Senators that need re-election funds, like Feingold-D and Vitter-R.

Wed, 09/16/2009 - 17:20 | 71613 Mr. Anonymous
Mr. Anonymous's picture

Cross referencing those on the supporting list with Senators up for reelection would be illuminating.  What's THAT correlation (I say high).  The safe ones vote against, those in the races vote yes.  Net effect: no passage.

Wed, 09/16/2009 - 17:26 | 71625 Gilgamesh
Gilgamesh's picture

If anyone here contributes one penny to Feingold, I will hunt them down and will be carrying a rubber band and gloves.

Wed, 09/16/2009 - 17:29 | 71627 . . .
. . .'s picture

Who cares if Feingold is a democrat?  He is anti-bankster.

Wed, 09/16/2009 - 17:32 | 71633 Mr. Anonymous
Mr. Anonymous's picture

Don't fall for The Big Lie: The Parties.  Neither party gives a damn about YOU, only your vote (if it's even necessary) and both are the enemy unless proven differently.

The enemy of my enemy is my ally and my enemy is the bankster.

Hell, I'd vote for a three-legged goat if it'd sponsor Bernie's bill.

Wed, 09/16/2009 - 17:40 | 71644 Philologus TaXitus
Philologus TaXitus's picture

You can find numbers to support your claim by looking at Wall Street lobbying.  nearly 50/50 between the parties.  Divide and conquer.

Wed, 09/16/2009 - 17:40 | 71645 Philologus TaXitus
Philologus TaXitus's picture

You can find numbers to support your claim by looking at Wall Street lobbying.  nearly 50/50 between the parties.  Divide and conquer.

Wed, 09/16/2009 - 18:37 | 71714 logistics (not verified)
logistics's picture

The above chart (entitled: Global Liquidity) does pose an interesting correlation between global liquidity and the dollar's rate of change.

Wed, 09/16/2009 - 17:38 | 71641 Gilgamesh
Gilgamesh's picture

His party matters nill to me.  His past actions do.  Contacting him about the bill is something I will do and encourage everyone to do the same.  Giving him money, on the other hand...

Wed, 09/16/2009 - 17:46 | 71652 Mr. Anonymous
Mr. Anonymous's picture

I didn't say you have to invite the enemy home for supper, just fight alongside a while.

Thu, 09/17/2009 - 16:48 | 72708 Anonymous
Anonymous's picture

He voted No on the Patriot Act. That's a get out of jail free card in my book.

(...not that I'm lining up to hand out money)

Wed, 09/16/2009 - 17:20 | 71614 Silver Bullet
Silver Bullet's picture

Mark my words, Max Bacaus will crush this bill into oblivion.

Wed, 09/16/2009 - 17:28 | 71626 . . .
. . .'s picture

A big threat of leadership is to run a well-financed challenger against rank and file members.  However, if we anti-banksters contribute money to politicians fighting to audit the fed and stop handouts to banksters, the congressional leadership loses that threat.  And the rank and file can stand up to Baucus, Pelosi, Dodd, and other "leaders" of Congress.

Wed, 09/16/2009 - 20:28 | 71817 Anonymous
Anonymous's picture

I see a third party brewing here . . . and it's a good thing. I'm not looking for someone to blow sunshine up my ass again, just somebody with a track record and, at the top of it, going after the fed.

Wed, 09/16/2009 - 23:07 | 71968 keehotee
keehotee's picture

Clearly you have been drinking yourself.

Wed, 09/16/2009 - 23:46 | 72003 Silver Bullet
Silver Bullet's picture

I'm drinking, but I still stand by my claim.

Baucus will crush this bill or render it meaningless.

Wed, 09/16/2009 - 17:30 | 71630 phaesed
phaesed's picture

Just sent mail to Kyl of Az to join McCain

Thu, 09/17/2009 - 03:54 | 72087 Seraph
Seraph's picture

Likewise. Thank you.

Wed, 09/16/2009 - 17:33 | 71634 Gordon_Gekko
Gordon_Gekko's picture

At least we know who will hold on to their Senate seats.

Wed, 09/16/2009 - 17:54 | 71658 Anonymous
Anonymous's picture

you hear that gekko. they are going to audit the FED. isn't that nice? :)

Wed, 09/16/2009 - 17:35 | 71637 Mr. Anonymous
Mr. Anonymous's picture

My question is where's Dick 'The Bankers own this place' Durbin on the list?  You Illinois boys know anything about this?

Wed, 09/16/2009 - 17:56 | 71659 Anonymous
Anonymous's picture

little dickie is hiding right now. he doesn't want anyone to give him some aspirin for that headache he has. it seems there is some bad aspirin floating around in chitown....:)

Wed, 09/16/2009 - 18:59 | 71748 Anonymous
Anonymous's picture

C'mon Dick, get some cajones!

Wed, 09/16/2009 - 17:36 | 71638 AR
AR's picture

TYLER  /  Is it possible for ZH to put together another "Vote Yes" petition campaign to send to the 75 Senators who have yet to vote for S.604 Sunshine Bill???  Clearly, this is as important as the deficit ceiling campaign.  Thank you...

Thu, 09/17/2009 - 01:43 | 72058 agrotera
agrotera's picture

Hear-hear  AR!!!!!

And Tyler, please make it a "lets get the 2/3" or whatever it takes to prevent the presidential veto....

like AR said, "Clearly, this is as important as the deficit ceiling campaign"...and thank you!!!

Wed, 09/16/2009 - 17:42 | 71647 Anonymous
Wed, 09/16/2009 - 23:56 | 72019 Stuart
Stuart's picture

Done!

Wed, 09/16/2009 - 17:53 | 71657 Anonymous
Anonymous's picture

is it time to get out the 7.62 x 51mm pitchforks yet?

Wed, 09/16/2009 - 18:08 | 71672 Careless Whisper
Careless Whisper's picture

Problem is only 33 1/3 Senators up for election next year.

 

Thu, 09/17/2009 - 01:46 | 72059 agrotera
agrotera's picture

...that number is a lucky one!

Wed, 09/16/2009 - 18:09 | 71673 What_Me_Worry
What_Me_Worry's picture

They shouldn't even designate them as Democrat or Republican anymore.

They should be designated as to whether they are taking Wall Street/Fed bribes or not.

End Wall Street lobbying now!  Audit the Fed now!

Of course, my senators will be nowhere near that list.  They are both bought and paid for.

Wed, 09/16/2009 - 18:13 | 71680 Mr. Anonymous
Mr. Anonymous's picture
Email I'm sending out to my personal peeps: Alright, Americans, this just in: Rebel Leader Ron Paul, (R-TX), announced today the 290th sponsor has been secured for HR 1207, the 1-page bill  allowing the Government Accounting Office to audit the Fed and see just where all our money's gone this last year (and which, according to Congressional testimony, Ben Bernanke just can't seem to recall).  290 sponsors is HUGE because 290 votes is a VETO PROOF BILL!   Here's what Rebel Leader Alan Grayson, (D-FL), has to say about the Fed, HR 1207 and Chairman Bernanke's 'bad' memory.   Finally, over in the Senate, Rebel Leader Bernie Sanders, (I-VT), now has a list of 25 co-sponsors for the Federal Reserve Sunshine Act of 2009, the senate's bill to audit the Fed. Just 42 more senators and the Fed will have to tell the American people who's been charging up the country's credit card all over town (and around the world) and it CANNOT BE VETOED.  But Bernie needs your help!   Phone, fax, email, snail mail or carrier pigeon your Senator as to why, despite overwhelming support by the American people, the Senator's name does not appear on the list of 25 co-sponsors of The Sunshine Act.  Something like, "I would like to know why I did not see the Senator's name on Senator Sanders' list of sponsors to the Federal Reserve Sunshine Act auditing the Fed.  As I'm sure the Senator is well aware, a large majority of Americans are clamoring for visibility into what the Federal Reserve is doing as steward of the nation's currency and I'm sure the Senator is sensitive to the overwhelming desires of his/her constituency, especially as we enter the new election cycle.  As this was surely no more than an oversight the Senator will no doubt want to correct, I look forward to checking back and seeing the Senator's name properly affixed to the list.  Thank you and have a good day."   Blow it up, peeps.  To the ramparts we go.  Blow up the Imperial FedStar.   Take It Back THE AMERICAN PARTY America for Americans
Thu, 09/17/2009 - 01:49 | 72061 agrotera
agrotera's picture

I love Mr. Anonymous!

Thu, 09/17/2009 - 08:49 | 72168 mikeyv1970
mikeyv1970's picture

Mr. Anon,  done.  Discovered that my state none of the Senators were on the list of 25.  Both got e-mails and soon...hard copies from my wife and I of our displeasure in their lack of support for this bill. -Michael

Wed, 09/16/2009 - 18:14 | 71683 Ned Zeppelin
Ned Zeppelin's picture

Email your senator.  The Senate is where they intend this bill to be killed, maimed or horribly disfigured.  At least you can say you tried.

Wed, 09/16/2009 - 18:48 | 71733 deadhead
deadhead's picture

Ned's right.

I emailed Schumer and Gillibrand.

Took about 15 seconds.

link to senate emails on top of the thread everybody.

 

 

Wed, 09/16/2009 - 18:28 | 71702 Anonymous
Anonymous's picture

Just got this response from Sen Gillibrand, from an email I sent months ago, have never received a response from Schumer.

Thank you for taking the time to contact me about increasing transparency at the Federal Reserve. Throughout the financial crisis of last fall and the ongoing economic slowdown, the Federal Reserve has lent substantial sums of money to help prevent a further economic meltdown using emergency powers established by Congress after the Great Depression. Throughout my time in Congress, I have worked to promote honest and open government. Last fall, I opposed the Troubled Asset Relief Program (TARP) because of its lack of transparency and oversight provisions. As a result, I share your belief that the extraordinary actions taken by the Federal Reserve merit additional scrutiny from Congress and will work to enhance transparency and oversight as part of the financial regulatory reform package currently being drafted.

Currently, the only component of the Federal Reserve which is not regularly investigated by the Government Accountability Office is its monetary policy function. This exemption was established to address concerns that Congress could use these investigations to pressure the Federal Reserve into taking actions that could drive inflation, causing dramatic increases in the costs of basic goods and services and undermining the Fed's primary objective of monetary stability.

I believe it is critically important that we continue to empower the Federal Reserve to prevent inflation while at the same time providing for a full audit of the Federal Reserve system. As Congress begins to examine how to restructure our financial system, I believe that we must include reforms to provide greater transparency at the Federal Reserve while continuing to prevent inflation and ensure economic stability. I will be working with my colleagues on the Senate Banking Committee to ensure that any financial reform package includes these key principles.

Thank you again for writing to express your concerns and I hope that you keep in touch with my office regarding future legislation and concerns you may have. For more information on this and other important issues, please visit my website at http://gillibrand.senate.gov and sign up for my e-newsletter. .

Sincerely yours,

Kirsten Gillibrand
United States Senator

Wed, 09/16/2009 - 20:00 | 71798 deadhead
deadhead's picture

"...providing for a full audit of the Federal Reserve system"

well, there we go.  Thank you Senator Gillibrand from another New York resident.

Wed, 09/16/2009 - 22:01 | 71899 Mr. Anonymous
Mr. Anonymous's picture

For fuck's sake, Deadhead, this is a classic shine on.

I: Identify with the victim's pain: I share your belief that the extraordinary actions by the Federal Reserve merit additional scrutiny.

II:Minimize: Currently, the only part of the Federal Reserve which is not regularly investigated by the Government Accountability Office is its monetary functions.

III Sell Point: I believe it is critically important we continue to empower the Federal Reserve to prevent inflation while at the same time providing for a full audit of the Federal Reserve system.

IV Thank You Close: Thank you for expressing your concerns and I hope you keep in touch.

Jesus, it sounds like it was written by some junior nabob in the GoldmanSachs PR department.

Wed, 09/16/2009 - 22:31 | 71932 deadhead
deadhead's picture

I understand your point about responses from politicians. in this case, I thought she was much more detailed than the typical response, such as the "classic shine on" paradigm you discuss.  anecdotally, schumer's automated email response to my note to him this evening fits your model.

Up until I read her response, I did not know her position (she is new in NY). She stated that she supports the audit of the Fed and she is now on record for that.  I said thank you.

The comparison to a junior nabob from wherever is weak sauce on your part due to her unambiguous statement.  At this point in the legislative game where S 604 is probably buried deep in the 'to do' pile, what more can you ask for from the junior Senator from NY?

 

 

 

 

Wed, 09/16/2009 - 22:54 | 71950 Mr. Anonymous
Mr. Anonymous's picture

With all due respect (much) Deadhead, the response from Sen. Gillibrand is disturbing in its smooth deflection.  Notably, point 3, "I believe it is critically important we continue to empower the Federal Reserve to prevent inflation while at the same time providing for a full audit of the Federal Reserve system."

I would argue these are prima facie incompatible arguments and reveal her entire statement a canard to appease those who need appeasing.  The ambiguity may well lie in its apparent unambiguity.  But would this be surprising? This is NY's sitting senator, the seat of Wall Street power.  I would be HIGHLY surprised if your senator voted in favor of Sunshhine.  Fortunately, like football, this game's gonna be played and the speculation can be resolved.  Steak dinner on me, sir, if I am proven wrong and you're not a vegan.  And I enthusiastically hope that I am wrong.  Cheers!

Thu, 09/17/2009 - 05:53 | 72110 Bolweevil
Bolweevil's picture

She's on the GS payroll. Nice of her to respond though, I get one paragraph of, "hank you for your interest..." from Boxer and Feinstein.

Wed, 09/16/2009 - 23:39 | 71997 lookma
lookma's picture

Currently, the only component of the Federal Reserve which is not regularly investigated by the Government Accountability Office is its monetary policy function. This exemption was established to address concerns that Congress could use these investigations to pressure the Federal Reserve into taking actions that could drive inflation, causing dramatic increases in the costs of basic goods and services and undermining the Fed's primary objective of monetary stability."

See, that is Senator Gillibrand is giving you the FED's line:

Fed officials say opening their monetary-policy deliberations to congressional review would cast doubt on their independence and ability to raise interest rates when necessary. That could stoke inflation, they say, raising borrowing costs for the government and consumers.

Wed, 09/16/2009 - 23:46 | 72000 lookma
lookma's picture

The primary reason why people want an audit is because of the crazy monetary inflation.

An argument that there should be no audit because an audit might cause inflation is mindgoggling.  It makes no sense.  People who make such an argument are either lying or clueless and manipulated by the liars.

Thu, 09/17/2009 - 07:55 | 72140 Anonymous
Anonymous's picture

you are absolutely correct sir about the venerable Lady Goldibrand.

some of us want the audit so everyone can see with their eyes exactly what toxic crap the banks dumped into the vault and in return for what.

ain't got nothin to do with inflation.

p.s. barca rocks

Wed, 09/16/2009 - 18:36 | 71713 logistics (not verified)
logistics's picture

swap lines put in place in Feb of this year expire Oct 31st...

Wed, 09/16/2009 - 18:40 | 71720 Thoreau
Thoreau's picture

The prob was, is & will continue to be Barnyard Frank. He is single-handedly holding up the House version; once that passes, inertia will take care of the Senate. Of course, I'm still seeking an answer as to why a "Bill" is needed in the first place to order an entity that congress has authority over.

Wed, 09/16/2009 - 18:54 | 71741 Bearish Spirits
Bearish Spirits's picture

Ha!  Good to see Glenn Beck is on the Fed investigation train.  He had a little segment on debt monetization, using the CUSIPS we saw a while back.  Kind of sad none of the business channels did a story on that.

Wed, 09/16/2009 - 19:50 | 71792 digalert
digalert's picture

Well gee, from the home state of Pelosi I don't see my senators listed, Boxer and Feinstein. Let's see, mid September if I write now, I should get the standard canned here is my website answer in January. Boxer is out in 2010.

Wed, 09/16/2009 - 22:04 | 71902 Mr. Anonymous
Mr. Anonymous's picture

+1

Wed, 09/16/2009 - 23:00 | 71956 Mazarin
Mazarin's picture

Here's the Feinstein boilerplate I received:

"While I recognize the importance of accountability in the operations of the Federal Reserve, I strongly believe that monetary decisions should be made independent of political influence or motives. "

Boxer is in lock step.

They're closet royalists and committed financial fascists. 

Wed, 09/16/2009 - 23:07 | 71967 Mr. Anonymous
Mr. Anonymous's picture

That royalist cunt is one of my senators.

She'll be dealt with, too.

Wed, 09/16/2009 - 20:38 | 71831 Bthewee
Bthewee's picture

I repeatedly wrote to my two Senators (Georgia) through-out the spring urging them to sign on and work for this sunshine audit. Finally, before the break, they signed on. After they saw the tide of the people shifting. 

Never stop banging on the gong. The squeakiest wheel does get the grease!

BANG ON PEOPLE!! 

Wed, 09/16/2009 - 22:59 | 71954 brown_hornet
brown_hornet's picture

Illinois senators Dick "Turban" and "Rolloff" Burris voted to keep ACORN.  They will need Government Sachs to finance some brothels for the community activist group.  No help counted on from my state to audit Elmer Fed.

Wed, 09/16/2009 - 23:15 | 71977 Mr. Anonymous
Mr. Anonymous's picture

ACORN is a diversion.  Health Care is a diversion.  Gay Marriage, Abortion, Sotomayor are diversions.  Drug War, War on Poverty, War on Illiteracy, Iraq, Afghanistan, Iran, the Wars on Terror, God and Christmas, the parties themselves, all fucking diversions to go with the American Idol, Twitteratti, celebritocracy diversions.  Whatever.  I'm sick of this shit.

Wed, 09/16/2009 - 23:00 | 71955 Anonymous
Anonymous's picture

Folks the audit is fantastic and all but who here is seriously going to trust the resulting numbers???? I do not even need to see it to know the numbers are not going to be remotely accurate. I see it two ways:
Audit bill passes to placate the people. Imaginery numbers ensue. Hysteria passes.
Audit bill passes and welcome to The Depression 2.0!!
NOTE: Version upgrades of anything are usually meant to be bigger and better than its predecessor.

Wed, 09/16/2009 - 23:10 | 71972 Intuition
Intuition's picture

Both FL Senators received an email from me today. I will keep at it if their names don't show up on the co-sponsor (or at least supporter) list.

Thu, 09/17/2009 - 01:31 | 72056 A_MacLaren
A_MacLaren's picture

A cross reference of the current co-sponsors of the legislation with members of the

Senate Committee on Banking, Housing, and Urban Affairs committee:

Sen. Robert Bennett R - UT

Sen. Michael Crapo R - ID

Sen. Jim DeMint R - SC

Sen. Kay Hutchinson R - TX

I have been writing my senator, Merkley from OR, a member of the committee since S.604 was refered, asking him to co-sponsor, but he has never addressed the request...

If you have a senator on the committee, PRESS HARD to get a commitment to co-sponsor.

http://www.govtrack.us/congress/committee.xpd?id=SSBK

Merkley gets another email from me tomorrow...

 

 

 

Thu, 09/17/2009 - 08:59 | 72176 Anonymous
Anonymous's picture

I'm proud that one of my senators is on the list (Burr) and I have just sent a note to his fence-sitting counterpart (Hagan), although I'm sure she'll toe the liberal line when the time comes unless there is enormous pressure otherwise.

Tue, 09/22/2009 - 16:49 | 76724 Anonymous
Anonymous's picture

Great idea. Just emailed our two WA (state that is) senators Cantwell & Murray. Of course they tow the DEM line pretty much, well, ok 100% of the time...
Who's going to lead this third party?

Tue, 09/22/2009 - 19:33 | 76846 Anonymous
Anonymous's picture

Just contacted my two senators with a slightly modified version of the above which anyone is free to use.

Dear Senator XXX,

I would like to know why I did not see your name on Senator Sanders' list of sponsors to the Federal Reserve Sunshine Act auditing the Fed. I'm sure the Senator is well aware, a large majority of Americans (over 2/3d in most polls) are clamoring for visibility into what the Federal Reserve is doing as steward of their currency and I'm sure the Senator is sensitive to the overwhelming desires of her constituency, especially as we enter the new election cycle. As this was surely no more than an oversight the Senator will want to correct, I look forward to checking back and seeing your name properly on the list. There are over 290 sponsors in the house so the senate has some catching up to do to meet President Obama's stated goal of financial transparency. We taxpayers want to know who the FED loaned our money to, what collateral they put up, and how much was lent to each counterparty to see if we taypayers have been taken to the cleaners by the banksters once again.

Thank you and have a good day.

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