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To: Errant

“An audit that has never been performed since its inception over 100 years ago.”

Another flat out lie. Sorry, you brand yourself as a tool or a fool with easily refutable claims like that.


122 posted on 12/16/2013 12:13:44 PM PST by narses (... unless you eat the flesh of the Son of Man and drink his blood, you do not have life within you.)
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To: narses
Another flat out lie.

From #120 above: "The first top-to-bottom audit of the Federal Reserve..."

Except it wasn't a "top-to-bottom" audit in the clearest sense.

"It's important though not to confuse the aim of the bill with a financial audit. The Federal Reserve's finances are already audited every year by an independent accounting firm. (Last year it was Deloitte and Touche). The central bank also publishes its balance sheet every Thursday online.

Instead, what Paul is aiming for is a full investigation of the way the Fed determines monetary policy.

Those deliberations currently take place behind closed doors. Minutes are released with a three-week lag, and full transcripts are published only five years after the fact.

----- Clip ------

Current law also protects the Federal Reserve from audits that reveal transactions with foreign central banks and governments, the reserves of its member banks and discussions among its employees about these issues."

http://money.cnn.com

Get a brain. You only discredit yourself.

124 posted on 12/16/2013 12:30:11 PM PST by Errant
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