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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Pitera who wrote (9156)3/23/2008 9:29:43 AM
From: stomper  Read Replies (1) of 33421
 
Lawyer in me coming out. I find it interesting that the Code language suggests that the GAO audit may, or may not, include these items...yet apparently it's been interpreted somewhere that they do NOT include them, period.

"May" is not exactly an imperative statement typically used in legal writing, and has been on the losing end of legal precedent (re definitiveness) for a century, plus.

As an aside, I love how the Fed has to consent to the audit, lol:

Under regulations of the Comptroller General, the Comptroller General shall audit an agency, but may carry out an onsite examination of an open insured bank or bank holding company only if the appropriate agency has consented in writing. Audits of the Federal Reserve Board and Federal reserve banks may not include
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