Wednesday, February 24, 2010

Bernake Truth or Dare.

Wednesday, February 24, 2010
Is this a dare?

"We would welcome a review by the GAO of the Federal Reserve’s management of all facilities created under emergency authorities. In particular, we would support legislation authorizing the GAO to audit the operational integrity, collateral policies, use of third-party contractors, accounting, financial reporting, and internal controls of these special credit and liquidity facilities."  --Ben Bernake 2/23/10

Is Bernake actually inviting the government to audit the Fed?  Interesting tactic.

0 comments:

Post a Comment

Feel free to comment. All civil discourse is welcome (especially dissenting views). I will not moderate. However, if you want to say it, have the guts to put your name to it.

 
◄Design by Pocket Distributed by Deluxe Templates