Looked at it myself...also followed his link to his blog where he ended up in a prolonged discussion with 2 others.
Although more research is needed - such as official profit/loss statements and the like...it does take us back to debate night...where myself and a few other Freepers pointed out the obvious:
Cain lied about his flip-flop on the Fed when addressed about it by Ron Paul.
That raises questions...this concern lends more.
=8-)
Cain being part of the fed, at state level, doesn’t concern me because it’s a different animal then the Fed at the national level.
All the state fed does, as I understand it, is to ensure that banks have liquidity for their daily business. It doesn’t set policy of any kind.