United We Stand to Audit the Fed

United We Stand to Audit the Fed

Nation DC Editor Chris Hayes guest-hosts the Rachel Maddow show and reports on the “remarkable” showing from the Senate as they unanimously voted to audit the Federal Reserve.


For Tuesday night’s Rachel Maddow show, guest-host and Nation DC Editor Chris Hayes, reports on “something remarkable” that happened in Washington earlier that day. On Tuesday, the Senate voted 96-0 to add the “Audit the Fed” amendment to the financial regulatory reform bill. As Hayes explains, the Federal Reserve is the bankers’ bank and beginning in 2007 when the economy went into an “apocalyptic death spiral,” identifying how much money the Federal Reserve lent out—and to which banks—met a similar, apocalyptic death. In one instance, Federal Reserve Chairman Ben Bernanke flat-out refused to say which banks received money.

“The effort to combat that secrecy, and to account for the basic facts of who is getting how much money from the Fed, on what terms, has given rise to the ultimate strange bedfellows political coalition,” explains Hayes. “The Audit the Fed alliance includes lefty bloggers like Jane Hamsher, and the über-conservative right wing anti-tax crusader Grover Norquist…And now, remarkably, the Audit the Fed movement includes all of the 96 Senators who were present today.”

—Clarissa León

Thank you for reading The Nation!

We hope you enjoyed the story you just read, just one of the many incisive, deeply reported articles we publish daily. Now more than ever, we need fearless journalism that moves the needle on important issues, uncovers malfeasance and corruption, and uplifts voices and perspectives that often go unheard in mainstream media.

Donate right now and help us hold the powerful accountable, shine a light on issues that would otherwise be swept under the rug, and build a more just and equitable future.

For nearly 160 years, The Nation has stood for truth, justice, and moral clarity. As a reader-supported publication, we are not beholden to the whims of advertisers or a corporate owner. But it does take financial resources to report on stories that may take weeks or months to investigate, thoroughly edit and fact-check articles, and get our stories to readers like you.

Donate today and stand with us for a better future. Thank you for being a supporter of independent journalism.

Thank you for your generosity.

Ad Policy