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View Full Version : Did the Fed just say it's OK to audit them?




free1
04-16-2010, 05:42 AM
Ron Paul grills Bernanke in this video, look at about 5:34 where Bernanke says:

"You can see any transaction or loan we make, we're happy to provide that information to you"

That's testimony before Congress. You can get the certified record and use that against them.

I think it's time for an audit!!

Lets get info on ALL the loans and transactions!

http://www.youtube.com/v/JzO_D8TjvKw

And don't forget that the Fed "if they don't pay it back" would take their share of the loss as he said.

And that would be what? Pennies or actually .0001 cent on the dollar that's printed from thin air, right?

Now compare that with our loss when it's payed back in real labor, what a scam!

With that type of profit, why do the banks need bailing out?

jkr
04-16-2010, 09:48 AM
i saw that...benny must be kicking hisself!

specsaregood
04-16-2010, 10:08 AM
where Bernanke says:
"You can see any transaction or loan we make, we're happy to provide that information to you"

Except there is a gotcha in there. You have to KNOW about the transaction or loan in order to requst the info. He didn't offer to just open the books and let him see all the transactions.

dannno
04-16-2010, 10:25 AM
Except there is a gotcha in there. You have to KNOW about the transaction or loan in order to requst the info. He didn't offer to just open the books and let him see all the transactions.

http://hbfs.files.wordpress.com/2009/05/sneaky-cat.jpg