Grayson calls on voters to urge Senate support for Fed audit

Rep. Alan Grayson (D-Fla.) is calling on voters to tell the Senate to back new government audits of the Federal Reserve.

Grayson is an outspoken supporter of legislation, originally drafted by Rep. Ron Paul (R-Paul), that requires tougher audits of the central bank following the financial bailout of 2008.

Grayson sent an email to supporters on Monday, titled, "Who got our $1,000,000,000,000?"

"Regarding all those billions that the Fed hands out like party favors, we will find out who, what, when, where and how," Grayson said.

The amendment is now pending in the Senate, which is starting debate Tuesday on possibly hundreds of amendments to wideranging financial overhaul legislation. The amendment has bipartisan support.

"With such bipartisan support, you'd think that passing this legislation would be a slam dunk. Wrong. Wall Street bankers and their lobbyists are twisting arms and pouring millions into the campaign coffers of politicians on both sides of the political divide, to keep their sweetheart Fed loans under wraps. It's time to counter their influence-peddling by making the Senate listen to the united voice of the American People. (That would be you.)," Grayson said.