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The American people are mad as hell at all the money that has been given to who knows who. So Senators Bernie Sanders, Russ Feingold, Jim Webb and Jim Bunning sponsored an amendment to a budget blueprint to get at more transparency as to where all this money is going. Bernie Sanders is quoted as saying: " The American people have the right to know who the Fed is lending taxpayer dollars to, how much they are getting and what the Fed is asking in return for the money."
The amendment calls on the Fed to identify each firm it has given assistance to, how much the assistance was worth and what the firm is doing with the money. It is important to note that the amendment passed by a vote of 59 to 39. In other words over half the Senate is leaning on the Fed for more information about what they are doing.
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