So when you said nothing was available, you really meant something was available?
I’m talking about categories of monetary policy, not specific bits of information that the fed decides to give us.
You mean the specific bits they must give us by law?
I already said that when is just like who because when the banks need to sell or buy bonds at different times.
The Fed holds an auction when they need to buy or sell bonds, not when you imagine a specific primary dealer needs to buy or sell bonds.
For an audit certain categories are unavailable by law.
And certain areas are available by law. Glad you finally realize that.
When auditing something you don’t ask them nicely for as much information they like to give.
When auditing someones financial statements, you look at their financial statements. Kinda like when the Fed's financial statements are audited. Once a year.
If being audited by the IRS every category of information they need has to be available.
Exactly! So when the IRS audits your tax returns, should they be able to audit your medical records? If you withhold your medical records, are you somehow making their financial audit invalid? Incomplete?
They don’t give everything that one might want.
It's true, they don't give everything you might want.
How many times must I post the number of things they aren’t required to give information about?
I know what they must provide as required by law. How many times must I post that they do?
Whether or not they decide at any given time to give out tidbits beyond what they are required to do by law is irrelevant because if the information looked bad for them they wouldn’t necessarily release it.
How would it look bad for them?
“So when you said nothing was available, you really meant something was available?”
No, like I’ve said numerous times it isn’t available for an audit. Considering it enough to have whatever they decide we should have is absolutely ridiculous.
“You mean the specific bits they must give us by law?”
They don’t have to give us everything that they give us.
“The Fed holds an auction when they need to buy or sell bonds, not when you imagine a specific primary dealer needs to buy or sell bonds.”
Who decides what the fed needs? The fed.
“And certain areas are available by law. Glad you finally realize that.”
I never disputed that.
“When auditing someones financial statements, you look at their financial statements. Kinda like when the Fed’s financial statements are audited. Once a year.”
Sure, what is your point? I’m talking about an audit not limited to what the audits are currently limited to.
“Exactly! So when the IRS audits your tax returns, should they be able to audit your medical records? If you withhold your medical records, are you somehow making their financial audit invalid? Incomplete?”
No it has to be only things that are relevant to taxes. And the audits will include only things relevant to the powers granted to the fed. As they should. Right now they don’t completely as I have pointed out numerous times.
“It’s true, they don’t give everything you might want.”
Or that people who want to audit them might want. Or that they might need to know.
“I know what they must provide as required by law. How many times must I post that they do?”
I never asked you to.
“How would it look bad for them?”
If they are using their power to benefit their buddies or themselves.