Bernie Sanders & Government Accountability Office
Bernard Bernie Sanders (born September 8, 1941) is the junior United States Senator from Vermont. He previously represented Vermont's at-large district in the United States House of Representatives. The Government Accountability Office (GAO) is the audit, evaluation, and investigative arm of the United States Congress. /5
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The first ever GAO (Government Accountability Office) audit of the Federal Reserve was carried out in the past few months due to the Ron Paul, Alan Grayson Amendment to the Dodd-Frank bill, which passed last year. Jim DeMint, a Republican Senator, and Bernie Sanders, an independent Senator, led the charge for a Federal Reserve audit in the Senate, but watered down the original language of the house bill(HR1207), so that a complete audit would not be carried out. Ben Bernanke (pictured to the LEFT), Alan Greenspan, and various other bankers vehemently opposed the audit and lied to Congress about the effects an audit would have on markets. Nevertheless, the results of the first audit in the Federal Reserve’s nearly 100 year history were posted on Senator Sander’s webpage earlier this morning. What was revealed in the audit was startling: $16,000,000,000,000.00 had been secretly given out to US banks and corporations and foreign banks everywhere from France to Scotland. From the period between December 2 ...
Today's news from Sen. Bernie Sanders (I-Vt.): New York Fed: JPMorgan Chase CEO Jamie Dimon has left the board of the Federal Reserve Bank of New York, more than six months after lawmakers called for his resignation because of JPMorgan's multibillion-dollar trading scandal. Sen. Bernie Sanders introduced a bill that would prevent bank executives from serving on the boards of regional Fed banks, the American Banker and Bloomberg News reported. Sanders had also pushed for a 2011 study from the Government Accountability Office that called on the Fed to take steps to prevent conflicts of interest on the boards of its regional banks. "This is not just a perception problem - the problem is real," Sanders said. McConnell is ‘Dead Wrong’: Sen. Sanders said Senate Minority Leader Mitch McConnell was “dead wrong” when he said that the tax debate is over and now it’s time to cut spending. “Sen. McConnell is dead wrong when he rules out additional revenue as part of the solution to our deficit crisis,” ...
In a week with more political rhetoric than usual, Sen. Bernie Sanders offered facts to counter the fiction in Republican assaults on Social Security, Medicare and Medicaid. At the Republican National Convention, wealt hy donors hobnobbed Wednesday on a yacht flying a flag of the Cayman Islands, the tax haven where Mitt Romney and other wealthy individuals shelter their fortunes to avoid paying U.S. taxes. President Obama weighed in on Wednesday for a constitutional amendment to undo Citizens United. In the Senate, Sanders is the sponsor of an amendment to reverse the Supreme Court decision that let business and billionaires bankroll (mostly Republican) campaigns. Meanwhile, several states (with Republican governors) have put new laws on the books to discourage voting by young and old and poor people. A federal court on Thursday struck down one such an anti-democratic law in Texas. A Government Accountability Office investigation, which was requested by Sanders, is looking at similar laws in other states. ...
Wanna cut the deficit? More than $4 trillion in near zero-interest Federal Reserve loans and other financial assistance went to the banks and businesses of at least 18 current and former Federal Reserve regional bank directors in the aftermath of the 2008 financial collapse, according to Government Accountability Office records made public for the first time today by Sen. Bernie Sanders
Monday, on the 47th anniversary of the federal Voting Rights Act, long-time civil rights advocate and UN ambassador Andrew Young, said the country need a Voting Rights Act 2.0. Young said the promise of the original voting right law ' that it would remove the obstacles preventing all Americans from voting ' has fallen short because of newly enacted state barriers, the impact of money on campaigning and the resulting voter apathy. Vermont's congressional delegation has also raised red flags concerning voting. Last winter Sens. Bernie Sanders, I-Vt., Patrick Leahy, D-Vt., Richard Durbin, D-Ill., and Bill Nelson, D-Fla., asked for a Government Accountability Office investigation into the flurry of voter identification laws passed by state legislatures. As a threshold question, they asked GAO to determine whether there really is a problem with voter fraud. The GAO agreed to do a study. 'On one hand, the Supreme Court has allowed billionaires to buy elections,' Sanders said. 'On the other hand, what we're also ...
Meanwhile, Sen. Bernie Sanders slams the Fed, citing a report by the Government Accountability Office that shows eighteen firms ran by current and former directors of the Fed received $4T in Fed-overseen bail-out monies during the crash.
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