HR1207 - Federal Reserve Transparency Act of 2009

[bamacre]

Originally posted by: LegendKiller

Originally posted by: halik
Isn't the FED already externally audited?

Yes, but these retards ignore that.

So is it a full audit? Or is the audit limited?

 

[halik]

Originally posted by: bamacre

Originally posted by: LegendKiller

Originally posted by: halik
Isn't the FED already externally audited?

Yes, but these retards ignore that.

So is it a full audit? Or is the audit limited?

Define "full audit" or "limited audit"?

I don't recall either of my Accounting Profs. making that distinction when it comes to making sure a firm is following GAAP.

 

[bamacre]

Originally posted by: halik

Originally posted by: bamacre

Originally posted by: LegendKiller

Originally posted by: halik
Isn't the FED already externally audited?

Yes, but these retards ignore that.

So is it a full audit? Or is the audit limited?

Define "full audit" or "limited audit"

Good Lord, have you read the bill? It's maybe 500 words.

Contrary to what you and LK would have everyone believe, this bill does not actually call for an audit of the Federal Reserve. It removes the limitations of the audit.

I suggest you two take some time and do some reading before you look foolish and release the fear-mongering.

 

[halik]

Originally posted by: bamacre

Originally posted by: halik

Originally posted by: bamacre

Originally posted by: LegendKiller

Originally posted by: halik
Isn't the FED already externally audited?

Yes, but these retards ignore that.

So is it a full audit? Or is the audit limited?

Define "full audit" or "limited audit"

Good Lord, have you read the bill? It's maybe 500 words.

Contrary to what you and LK would have everyone believe, this bill does not actually call for an audit of the Federal Reserve. It removes the limitations of the audit.

I suggest you two take some time and do some reading before you look foolish and release the fear-mongering.

Where does it remove any sort of limitation?

1)calls for an audit to be completed by 2010

?(1) In general.?The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

2) Says the report is to be made and submitted to the House and findings be evaluated by the comptroller general.

 

[bamacre]

Originally posted by: halik

Originally posted by: bamacre

Originally posted by: halik

Originally posted by: bamacre

Originally posted by: LegendKiller

Originally posted by: halik
Isn't the FED already externally audited?

Yes, but these retards ignore that.

So is it a full audit? Or is the audit limited?

Define "full audit" or "limited audit"

Good Lord, have you read the bill? It's maybe 500 words.

Contrary to what you and LK would have everyone believe, this bill does not actually call for an audit of the Federal Reserve. It removes the limitations of the audit.

I suggest you two take some time and do some reading before you look foolish and release the fear-mongering.

Where does it remove any sort of limitation?

1)calls for an audit to be completed by 2010

?(1) In general.?The audit of the Board of Governors of the Federal Reserve System and the Federal reserve banks under subsection (b) shall be completed before the end of 2010.

2) Says the report is to be made and submitted to the House and findings be evaluated by the comptroller general.

This really is not difficult to understand.

http://www.govtrack.us/congres...ext.xpd?bill=h111-1207

In General- Subsection (b) of section 714 of title 31, United States Code, is amended by striking all after ?shall audit an agency? and inserting a period.

 

[KlokWyze]

Originally posted by: PC Surgeon
Sorry, I would rather keep my head in the sand kthxbai

Yeah, it depresses me that some people actually think that knowing where our money is going is a bad thing. Maybe because they know where it's going is the bad thing, they just don't want to deal with it.

 

[nonameo]

ok, how about this... after one year, or any arbitrary length of time, the spending numbers are released.

This:
a. assures the people the money wasn't spent on hookers and blow
b. gives the banks time to shape up again

 

[First]

rofl. It must be draining to be so ignorant so consistently.