Audit the Fed? So what. Big freakin' deal. whatever.Submitted by Chris Nomdujourski on Wed, 07/25/2012 - 21:16
who cares if the fed is audited or not. their charter expires next year anyway which means other banks will be able to submit proposals to the Government to issue a currency for them.
Also, as is typical in business, the fed will be in a position where it would be a good acquisition for another bank, like when Citi acquired First National etc., and all their books are going to be opened at that point as part of the usual process of discovery in the mergers and acquisitions process.
Lastly, I'm not qualified to give financial advice, but personally I'm going to go short on the Fed and take conservative initial positions in 4 or 5 other banks that are in a good position to be the winners of the bidding process for providing the new currency for United States Inc.