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Sanders/Dodd Audit-The-Fed allows audit of TARP + TALF, but not FOMC, discount window operations, or agreement with foreign central banks. "Even the so called "independent" leftists, Kucinich and Sanders, have both capitulatied to the corporate, class markets and their class despotism, proving they are not real opposition leaders, but phony socialists, phony anti war activists." ~Eric Albert Schwing I read all three versions of the Sanders amendment carefully, and I believe Sanders made a good call if the decision was compromise with Dodd or have no amendment at all. The big differences with the compromise are: -Single audit covering December 1,2007 to May 2010 rather than open-ended audit until all bailout funds are recovered. -Specific parameters on the audit focusing on whether proper procedures were followed and what could be done to improve Fed governance. However it is not clear that the audit is limited to these items. -Fed website still must report lots of previously undisclosed details about the bailout measured-who got what and why. ~bmull

Senator Leahy, Chairman of the Senate Judiciary Committee said, "Last year, I opposed legislation that stripped Americans of their right to seek accountability for the Bush administration's decision to illegally wiretap American citizens without a warrant. Today, I am pleased to join Senator Dodd to introduce the Retroactive Immunity Repeal Act. We can strengthen national security while protecting Americans' privacy and civil liberties. Restoring Americans' access to the courts is the first step toward bringing some measure of accountability for the Bush-Cheney administration's decision to conduct warrantless surveillance in violation of our laws."