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Has the Federal Reserve ever been independently audited?
The Fed refused yesterday to disclose [the current market values]
… of more than $1.9 trillion of emergency credit from U.S. taxpayers
and the assets the central bank is accepting as collateral
Fed Chairman Ben S. Bernanke and then Treasury Secretary Henry Paulson
said in September they would meet congressional demands
for transparency in a $700 billion bailout of the banking system
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