[Just mythoughts]

In my first comment to you I initially said that the FED worshipers would consider any question of their workings to be blasphemy and cause one to get labeled a 'Paulbot'. I removed those words so I would not get accused of mind reading... HA I was so very correct, as I have never been a fan of RonPaul.

WHO audits the FED every year? REALITY is the FED did play 'god' with TAXPAYERS dollars, and IF all their so called interest free loans have indeed been repaid then why is Europe and US still in a heap of hurt?

Seems to me the Congress and the Executive branch already uses the FED as their secret bank to keep their favorite contributors flush with cash.

[Toddsterpatriot]

WHO audits the FED every year?

Deloitte & Touche.

http://www.federalreserve.gov/monetarypolicy/files/BSTcombinedfinstmt2010.pdf

REALITY is the FED did play 'god' with TAXPAYERS dollars,

They don't play with TAXPAYERS dollars.

and IF all their so called interest free loans

They were loans. They weren't interest free.

have indeed been repaid then why is Europe and US still in a heap of hurt?

Deadbeats keep defaulting, or threatening to default.