re: #84 TampaKnight
Yes, it does. The GAO can NOT audit the following items:
-transactions for or with a foreign central bank, government of a foreign country, or nonprivate international financing organization;
-deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, and open market operations
-transactions made under the direction of the Federal Open Market Committee; or
-a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to clauses (1)-(3) of this subsection of US Code.It’s like the GAO examining a house and only being able to look at the kitchen.
And your source for this incredibly incorrect information would be…?