Title: No Need To Audit the Federal Reserve According to Herman Cain Source:
[None] URL Source:[None] Published:Jul 6, 2011 Author:Tennessee Sons of Liberty Post Date:2011-07-06 09:52:15 by HAPPY2BME-4UM Keywords:None Views:188 Comments:11
Since Cain was the chairman of the Kansas City Federal Reserve Bank he knows something you don't know. The Federal Banking Agency Audit Act (1978), PL 95- 320, 31 USC § 714, has the GAO auditing the FED and other federal financial institutions. The FED used to be audited by Price Waterhouse and I think they switched a few years back to Deloitte as their auditor.
Sure, the FED is as open as Obama is about his past. We can't even audit the President of the USA's college records, much less the FED. If you believe the FED is audited by an outside source you are crazy. They won't even release what they are required to by law from the 2008 banking giveaway. No one holds them accountable, NO ONE!