topicmaker Veteran


Joined: 28 Feb 2006 Posts: 25731
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Posted: Thu Jun 11, 2009 3:30 am Post subject: Fed Would Be Shut Down If It Were Audited, Expert Says |
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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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