Ghost of Igloi wrote:
It is one among many reasons why the Fed is never audited. Everybody who matters knows, and says nothing, because they are IN.
Hmmm, Zerohedge again.
This time I actually read the linked page, and looked around at other ZH pages.
The commenters are a mix of rational types and lunatics, with a healthy dose of anti-semites. While the linked articles might be interesting, I enjoy commentary...but that on ZH is just too much, I think it would be hard to tune out the rubbish, maybe even harder than on LR!
I wish we had more balance-sheet information, but of course that would ruin everything. Interestingly (?) I have not seen this reported elsewhere. The guy who told me admitted to having read it on ZH.