Senate votes 96-0 to audit Fed

McClatchy reports:

The Senate voted 96 to 0 Tuesday to open the secretive Federal Reserve Board's emergency lending practices to a congressional audit, as well as require a detailed disclosure of who's getting the funds.

"We are on the verge of lifting the veil of secrecy on perhaps the most important government agency in the United States of America,” said amendment sponsor Sen. Bernard Sanders, Ind.-Vt., "an agency which has control and spends trillions of dollars. They do it behind closed doors."

Under the plan, Congress' Government Accountability Office would conduct "a top to bottom audit of all the Federal Reserve's emergency activities" since the economic crisis began in December, 2007. In addition, the Fed would have to put on its web site all recipients of money from than $2 trillion in emergency aid that the Fed has dispersed since then.

The Ron Paul revolution moves foreward.