The Paul-Grayson Amendment (HR 1207) has 313 co-sponsors with lots of Dems missing.

[Renew Deal]

The co-sponsors are all over the board including Bachmann, Boehner, Cantor, and Anthony Weiner. It looks like there's a lot more republicans supporting the bill than Democrats. And not just republicans, but some of wingers like Cantor, Foxx, Bachmann, etc. That's pretty suspicious. Where are the Democrats?

http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HR01207:@@@P

Some notable people missing: Pelosi, Hoyer, Clyburn,

[Warpy]

1. Wall Street Democrats will hate this one

because if the audit is done, it will likely expose a lot of the shenanigans that have made them wealthy and piss off a lot of their big donors.

Libertarians and progressives are backing this one for entirely different agendas. The former want to do away with the Fed. The latter want to clean it up and wrest it from the hands of the big banks.

That's the reason support seems to be all over the map.

[Renew Deal]

2. Does it need to pass in the Senate too?

I can't imagine it would survive.

Durbin recently said: "And the banks -- hard to believe in a time when we're facing a banking crisis that many of the banks created -- are still the most powerful lobby on Capitol Hill. And they frankly own the place,"

http://www.huffingtonpost.com/2009/04/29/dick-durbin-banks-frankly_n_193010.html

[bullwinkle428]

4. I can't imagine anyone in the Senate other than Bernie Sanders

(and POSSIBLY a small handful of others) actually supporting this.

[AllentownJake]

3. The last thing anyone in real power wants

Is a public audit report of the FED's activities from 2008-2009.

The President will do whatever it takes to kill this, he re-upped Bernake's contract.

[marketcrazy1]

5. what about transparency

on the one hand I would like to see what the FED has been doing with OUR money, on the other hand if we DO get a look i am CERTAIN we will not like what we see nor will the rest of the world and THAT is the problem with a FED audit............

[AllentownJake]

6. I'll give you a simple answer

Iraq war torture pictures.

Enough said.

[BeFree]

7. Or

If the president really does care he may just see that this bill somehow goes through.

This could be a real test of Obama and where he stands.

I'm sure we'll all be watching.

[DireStrike]

9. Yeah, I'm sure no-drama Obama will do that.

So many easy victories passed up, just so we don't have a handful of irrelevant people whining about their terrible, criminal ideas being ignored.... I don't think he will allow this to pass when it makes the Owners so jumpy.

[TheWebHead]

8. hopefully they're staying far away

nothing more idiotic than the idea of congress taking any control of monetary policy. This is purely driven by bipartisan lunch bucket populism and has economic ramifications that those espousing are clueless about.

[mmonk]

10. Because it will reveal too much.

A neoliberal would not like it.

[Sebastian Doyle]

11. Satan would open a ski resort in Hell before Steny WHORE would sign any bill critical of any bank

Wouldn't expect much from Pelosi either after everything she's taken "off the table".

Sure would like to see more support from the Progressive Caucus though.