Jun 13, 2009

On auditing the Fed

Fed Would Be Shut Down If It Were Audited, Expert Says

By CNBC.com

With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny afforded other institutions. #

But wouldn't that be the fox auditing the henhouse's books? And how would they know which set is the real one? It's a big mess when thieves can no longer do business with thieves, isn't it?
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