Quote:
Originally Posted by NobleSavage
The Federal Reserve is already audited on a regular basis and the info is public. Without further research I assume this is just Ron Paul doing what he usually does - making shit up for his own political gain.
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Your correct that they do get audited... but the audits are limited and preclude audits of certain aspects of monetary policy, foreign transactions or Federal Open Market Committee transactions.
Some of these limitations have prevented the GAO from auditing certain aspects of the bailout... as an example.