The fed, at its core, is (in my opinion) socialistic in the extreme. Economies need to self-correct. The fed attempts to stop that, and (again in my opinion) makes things worse.
Regards, Michael B. Smith Consultant and Exchange MVP http://TheEssentialExchange.com -----Original Message----- From: Ben Scott [mailto:[email protected]] Sent: Friday, July 22, 2011 9:38 AM To: NT System Admin Issues Subject: The Fed Audit Dean should *love* this: "The Fed Audit" http://sanders.senate.gov/newsroom/news/?id=9e2a4ea8-6e73-4be2-a753-62060dcbb3c3 The rhetoric in the press release is rather sensationalist, but the fact that the Federal Reserve loaned out $16 trillion to prop up banks and businesses is none-the-less interesting. The full GAO report is 266 pages long but the introduction paints a picture of an organization with likely conflicts of interest, no transparency, and little oversight. -- Ben ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ --- To manage subscriptions click here: http://lyris.sunbelt-software.com/read/my_forums/ or send an email to [email protected] with the body: unsubscribe ntsysadmin ~ Finally, powerful endpoint security that ISN'T a resource hog! ~ ~ <http://www.sunbeltsoftware.com/Business/VIPRE-Enterprise/> ~ --- To manage subscriptions click here: http://lyris.sunbelt-software.com/read/my_forums/ or send an email to [email protected] with the body: unsubscribe ntsysadmin
