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ExactlyHOW WILL THE FED SURVIVE? Bernie Sanders' amendment to the financial regulatory reform bill which would allow for a one-time GAO audit of the Federal Reserve's lending practices during the financial crisis (GIVE IT ALL AWAY -10,000% INTEREST!) has passed the Senate, 96-0. It is a much weaker audit bill than the Ron Paul-Alan Grayson audit bill that's already passed the House, which would allow Ron Paul to wander around the Federal Reserve on a scavenger hunt for seven secret vials of Dragon Blood that the Internet says are there. [NYT]
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