Kaufmann Brown Amendment News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Breaking news from washington, d.c., senator chris dodd, the chairman of the senate finance committee, moments ago signing on to senator bernie sanders' audit the fed amendment. that amendment, along with the kaufmann-brown amendment on too big to fail continues to gain momentum on the senate floor. senate majority leader, harry reid, said he's likely to be for kaufmann-brown to break up the banks. the question is, are senator dodd and senator reid, the majority leader and the chairman of the committee simply talking? or are they whipping votes on both the republican and democratic side of the...

Mohamm momentum. >> it was fascinating today, hank paulsen today came out and said the banks are too big. so hee is a very conservative wall street voice who is now apparently somewhat more dispassionate saying this is out of control. and i think the summers-geithner world view of maintain the status quo is playing defense. their support is withering. it was 12-10 in favor of the kaufmann amendment. so it lost, but it garnered ten votes. i think the momentum is clearly in favor of auditing the fed. as we must. it's outrageous they're saying let us continue to hide in the shadows. something fun...

And the republicans, every single one of them have voted to say no, we don't even want to proceed. that's unbelievable to me. >> i spoke with senator bunning a moment ago. i've talked in the past few days with senator coburn, who are the two senators i've had a chance to speak with on the republican side. both fairly aggressive in their rhetoric to break up the banks ordeal with too big to fail in some fashion. what is your view of the kaufmann-brown amendment, the safe banking act as a mechanism to protect all of us from being distorted by the big banks as we were in '08. >> i'll support that...