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Fed Would Be Shut Down If It Were Audited, Expert Says

 
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PostPosted: Thu Jun 11, 2009 3:30 am    Post subject: Fed Would Be Shut Down If It Were Audited, Expert Says Reply with quote
The Federal Reserve's balance sheet is so out of whack that the central bank would be shut down if subjected to a conventional audit, Jim Grant, editor of Grant's Interest Rate Observer, told CNBC. With $45 billion in capital and $2.1 trillion in assets, the central bank would not withstand the scrutiny normally afforded other...read more
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