Cardin CYA

[MorGrendel]

From C4L:

Senator David Vitter’s strong Audit the Fed Amendment to the Dodd Fed Empowerment Act was voted down by the United States Senate. Your senator, Benjamin Cardin, was among those voting against the Vitter Amendment. What makes Senator Cardin's vote so outrageous is that he was an original cosponsor of Audit the Fed. Senator Cardin ignored the voices of liberty minded Americans and, in an act of classic political cover-your-back cowardice, cast his lot with the Bernanke/Obama-backed Sanders Amendment.

Does Senator Cardin believe you are a fool? He wants you to believe he is with you on Audit the Fed when his vote in Washington for the watered-down Sanders Amendment and against a full audit reveals where his true loyalties lie.

Contact Senator Cardin at 202-224-4524. Tell him to side with the American people and rein in the Fed by voting against the Dodd Fed Empowerment Act and for a full audit of the Federal Reserve in a stand-alone vote.

You see, the Dodd Fed Empowerment Act establishes permanent bailouts. Without a true audit, the Fed will be allowed to continue to operate in secrecy, with no accountability to the American people for the looting of our Treasury.

[Berserker]

There are a number of audit the fed amendments out there. The one introduced by David Vitter failed, but an Audit the fed amendment just passed 96-0, three days ago (Ben voted yes on this!). I would say this is a major success since this amendment was fought tooth and nail by the fed.

http://sanders.senate.gov/newsroom/news ... 7faf1932d2
http://sanders.senate.gov/imo/media/doc/Document2.pdf
http://www.huffingtonpost.com/2010/05/1 ... 71667.html
http://www.huffingtonpost.com/2010/05/1 ... 70487.html

This C4L post sounds like flamebait to me as it only tells a small part of the story.

What probably happened is that no bill wound have passed AT ALL if not for the compromise bill that Sander's put in. Heck, even Ron Paul supported the sander's bill.

[MorGrendel]

I agree it is one-sided, what is not polarized anymore? I also don't care for the Obama allusion, I just don't think it is fair or neccessary.

The Sanders bill is a start, but it is for the most part toothless (hence the unanimous vote).

The Good: Tell us where you loned the money.
The Bad: Well, just the emergency money loaned to banks, not the other emegency money loaned to auto companies and wallstreet.
The Ugly: And only unclosed transactions, not including foriegn holdings or stockmarkets.
The Obscure: And tell us if the CEOs of the companies we loaned money to abided by EOE.
The Problem: No action plan. No call to balance the budget. The best we get is that someone (unspecified) must provide a "rational" for the loan. It is a one time audit, lipservice to the people. What is it is done poorly? What about still pending transactions? Why can't we have a full audit on all of our holding and expenses?

Now I know we will never get a true audit without the urging of the people, and I think some of these bills are stuctured in just such a way as to allow the information to leak out slowly so as to not outrage the people.