Wednesday, June 10, 2009

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


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



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.

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Nick Sorrentino is the Editor of The Liberty and Economics Review and CEO of Exelorix.com a social media management company.