If you look at the Fed's website it would be hard to imagine that an audit could possibly provide any more information.<quoted text>
I doubt if the idiots here even know who their congressmen are. There are a few in congress, like Ron Paul, who would like to see the federal reserve revoked. He introduced a bill to have the fed. audited with a lot of backing, but I don't know what happened to that.
The federal reserve is just a holding house for the State reserves.
The New York Federal Reserve has pretty much recovered all the Bailout Money with interest.
The trouble with letting the Govt. of the day "print" money is that they will print it just to win the next election.
I have no problem with a State or Federal Govt. savings and Commercial bank. It keeps the private banks honest.
But bonds serve a similar purpose.