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Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts

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?