Brian4Liberty
08-18-2011, 12:02 PM
The attacks sound so familiar. "But the Fed is already audited!"
Ironically, these "objections" to auditing the Fed often came from the very same people who are the biggest supporters of Rick Perry. Quite a pickle there, hard for some of them to say that Ron Paul was right.
What does Rick Perry really want from the Fed?
NEW YORK (CNNMoney) -- Texas Governor Rick Perry has been on a Bernanke-bashing binge this week, demanding on Wednesday that the Federal Reserve "open their books up."
...
But what books exactly does Perry want opened?
The Federal Reserve already publishes its balance sheet online every Thursday for the entire world to see.
Not only that, it is audited regularly. Every year, an external accounting firm audits the financial statements of the Federal Reserve and all 12 of its regional banks. Last year, that firm was Deloitte and Touche, but PricewaterhouseCoopers and KPMG have also done it over the years.
Those financial statements are also posted online.
"Every aspect of the Fed's financial dealings are wide open -- wide open," Bernanke remarked at the National Press Club in February. "There is no sense in which the Fed has secret financial dealings."
...
More:
http://money.cnn.com/2011/08/17/news/economy/rick_perry_federal_reserve/
Ironically, these "objections" to auditing the Fed often came from the very same people who are the biggest supporters of Rick Perry. Quite a pickle there, hard for some of them to say that Ron Paul was right.
What does Rick Perry really want from the Fed?
NEW YORK (CNNMoney) -- Texas Governor Rick Perry has been on a Bernanke-bashing binge this week, demanding on Wednesday that the Federal Reserve "open their books up."
...
But what books exactly does Perry want opened?
The Federal Reserve already publishes its balance sheet online every Thursday for the entire world to see.
Not only that, it is audited regularly. Every year, an external accounting firm audits the financial statements of the Federal Reserve and all 12 of its regional banks. Last year, that firm was Deloitte and Touche, but PricewaterhouseCoopers and KPMG have also done it over the years.
Those financial statements are also posted online.
"Every aspect of the Fed's financial dealings are wide open -- wide open," Bernanke remarked at the National Press Club in February. "There is no sense in which the Fed has secret financial dealings."
...
More:
http://money.cnn.com/2011/08/17/news/economy/rick_perry_federal_reserve/