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?

2 comments:

whall said...

Have you seen some of the youtube videos of Bernanke and Sanders? It's pretty sobering, the lack of accountability with trillions of our dollars and the banking system.

jude cowell said...

Thanks, whall, yes, i have seen a few of them. With the Bush-Cheney era of No Accountability what else could we have expected from their financial cronies in 2008?

And here's a quote from Sen Sanders i posted a while ago about the class warfare being waged.

It amazes me that more Americans can't see the lines now drawn esp since 2008's long-planned econo-crisis. 'Long-planned' makes more sense to me than financial experts who just "didn't see this coming" - puh! and double puh!! Jude