Federal bailout: Senate votes audits for bank loans
Senate approves audit of Federal Reserve’s emergency loans to banks beginning in late 2007. The House already passed an even tougher audit requirement late in 2009. -db The New York Times May 11, 2010 By David M. Herszenhorn WASHINGTON, D.C. — The Senate voted unanimously on Tuesday to require an audit of the Federal Reserve’s emergency actions during and after the 2008 financial crisis as part of broad legislation overhauling the nation’s financial regulatory system.