By Matt Hawes
This is part of what happens when you don’t have to answer to the people. Lame ducks Judd Gregg and Chris Dodd (both retiring this year), according to The Huffington Post, are fighting to keep the House-passed audit provision out of the Senate’s version of the financial regulatory reform package.
A House-passed provision to open up the Federal Reserve to an audit by the Government Accountability Office is unlikely to be included in the Senate reform package, Barney Frank told a meeting of House Financial Services Committee members Wednesday, according to people in the room.
Frank, chairman of the committee, told the members that Senate Banking Committee Chairman Chris Dodd (D-Conn.) told him that he had assured Sen. Judd Gregg (R-N.H.) that it wouldn’t be a part of the bill. Gregg has been a strident opponent of the effort to open the Fed to an audit….
As John said earlier, keep those calls going urging your senators to reject any vote on Ben Bernanke’s confirmation to a second term until we get a standalone vote on Audit the Fed!