Business Day

The audit proposed by Senator Bernard Sanders of Vermont has won bipartisan support.

It takes our one real leftist.

"The audit sought by Mr. Sanders would scrutinize an alphabet soup of programs that injected liquidity into the markets, ranging from commercial paper to money market funds. Under the proposal, the accountability office will not question whether the loans should have been made but will focus on operational integrity and accounting practices.

The audit, however, would explore “whether the credit facility inappropriately favors one or more specific participants over other institutions eligible to utilize the facility” and “whether there were conflicts of interest with respect to the manner in which such facility was established or operated.”

The apparent compromise with the administration and the Fed would give Mr. Sanders and other critics of the central bank an opportunity to claim victory, while not breaking with the Fed’s insistence that its monetary decisions be sacrosanct and insulated from political influence."

The whole gang does not want to be honest. The "System" would collapse.