Comment

Ron Paul Gets to Audit the Fed

21
SixDegrees11/19/2009 3:26:54 pm PST

re: #8 charles_martel

I am certainly no Ron Paul fan, but I really don’t see anything inherently wrong with the government being able to examine the books of such a powerful bank. Should their books be permanently hidden from scrutiny?

The books aren’t hidden in any way. The Fed is required to conduct audits annually and make the results available to Congressional oversight committees; it also has to make quarterly and annual reports on it’s activities to those committees, and is often asked to provide additional information during periods of unusual economic activity - such as now. There is nothing opaque about the Fed in the first place.