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 The Auditors are Coming

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PostSubject: The Auditors are Coming   Tue Jul 01, 2008 8:59 am


Bush held off attempts by the International Monetary Fund to examine the US financial system as long as he could. When this was no longer possible, his condition was that the audit couldn't start until his final year in office, and the results couldn't be published while he was still president.

This is front page news in Germany.

Gabor Steingart wrote:
As part of the assessment, the Fed, the Securities and Exchange Commission (SEC), the major investment banks, mortgage banks and hedge funds will be asked to hand over confidential documents to the IMF team. They will be required to answer the questions they are asked during interviews. Their databases will be subjected to so-called stress tests -- worst-case scenarios designed to simulate the broader effects of failures of other major financial institutions or a continuing decline of the dollar.


What a Face
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The Duke

Age : 59
Location : Randolph County, NC If you don't know, you wouldn't understand.
Registration date : 2007-12-17

PostSubject: Re: The Auditors are Coming   Tue Jul 01, 2008 11:51 am

It's all Bush's fault anyway, along with every other problem around the globe including global warming which has been scientifically proven to have started in the year 2000.

Just think all of the world's problems will be over just in time for Christmas and the new year. Have hope! Change is coming.
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Registration date : 2008-04-04

PostSubject: Re: The Auditors are Coming   Tue Jul 01, 2008 1:25 pm

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