Yah. So the GAO has limited ability to audit a non-governmental agency. Of course. But Deloitte Touche can and does.
I know, I know... lots of people get all freaked out about the Fed. It just doesn’t bother me so much. And they *are* audited and those records are public. ...and any more articles related to Ron Paul’s rantings don’t exactly lend any credibility to the arguments. Paul is a decent enough fellow, but he’s just positively loony on a few issues and this is one of them. His ranting for a commodity-backed currency, for example. Anybody that regularly uses the term “fiat currency” in a sentence should no longer be trusted on matters of finance.