Tuesday, November 10, 2009

I'm Available

"On Tuesday, Senator Jeff Merkeley, Democrat of Oregon, and Senator Bob Corker, Republican of Tennessee, intorduced legislation to allow the Government Accountability Office to audit some of the [Fed's] lending programs. Different bills calling for more comprehensive Fed audits already have widespread support in the House and Senate. Expanding this oversight is long ovedue", William Barnett at the NYT, 23 October 2009, link: http://www.nytimes.com/2009/10/22/opinion/22barnett-1.html.

Audit? I'm available Zimbabwe Ben. Just send me an e-mail and I'll go to Washington and give you an estimate.


Anonymous said...

I think we should group source the audit. Get all the data out there.

After all it's not a private bank is it?

It's a creature of the Congress and the people. Soon to be reduced in size and scope.

How does one sever "bank oversight" from using primary dealer balance sheets to mediate credit?

Or put another way "what happens when they put some sunlight on the SOMA?"

Or is that the area that they claim is "setting monetary policy"?

And will they push rates up to scare Congress if it gets too hot?

It's getting interesting.

Anonymous said...

Hey, I'll work as your audit staff.

Jr Deputy Accountant said...

Do I get to tick and tie this one with you? Pretty please?!?!


Independent Accountant said...


It's the least I can do.