In response to:

Auditing the Federal Reserve is More Urgent Than Ever

gcampanella Wrote: Jul 24, 2012 3:55 PM
No, the Federal Reserve is not continuously audited, where are you getting that information from? A liberal that actually doesn't trust government to do something and instead trusts private bankers? What kind of liberal are you? So congress is inept and corrupt, and you're okay with them controlling what we get to put into our bodies and how we defend ourselves, not to mention control of our medicine and health insurance, but if it's the money supply, then let the bankers control it? Nothing is being sold, there is no selling, there is only educating. No central bank is necessary and there is no need for reform, it needs to be abolished. Let congress be blamed for future economic disasters and then vote them out.
Corbett_ Wrote: Jul 24, 2012 6:26 PM
But who sees their "audit"? Only the Fed.
scott s. Wrote: Jul 24, 2012 4:27 PM
The Fed is audited, but the question is always what is meant by "audited". Its audit is a financial audit, but what I think people like Paul want is a management audit. Deloitte & Touche LLP are their outside auditors.

No government institution is more secretive than the Federal Reserve. Believe it or not, the Central Intelligence Agency (CIA) is more transparent than the central bank of the United States. This is a huge cause for concern as the Fed dramatically affects the lives of every single American.

The Fed has never been fully audited in its nearly 100-year history. The American people only got a small glimpse of what happens behind closed doors last July. A watered-down audit conducted by the Government Accountability Office (GAO) revealed $16 trillion in Fed bailouts to banks and corporations around the world at...

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