IMF to audit US financial system

2 years before it is all over and done with. Pity it can't be done quicker.

Well beeing able to operate with endless amounts of abstract money is a tempting isn't it?

Oh yeah cos they'll catch any probs

The second thing is, what will be left for audit....

recent rise of capital for Fortis (company who acquired ABN AMRO) was driven because of:

American 'meltdown' reason for money injection Fortis.
28th of June, 9:10
BRUSSELS/AMSTERDAM - Fortis expects a complete collapse of the US financial markets within a few days to weeks. That explains, according to Fortis, the series of interventions of last Thursday to retrieve € 8 billion. "We have been saved just in time. The situation in the US is much worse than we thought", says Fortis chairman Maurice Lippens. Fortis expects bankruptcies amongst 6000 American banks which have a small coverage currently. But also Citigroup, General Motors, there is starting a complete meltdown in the US"

and they arent only one bank who see "complete meltdown in the US financials" on the way...similar warning issued few EU banks too recently.

will they be auditing the gold in fort knox?

third world country here we come!