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Libertarian folk-hero Rep. Ron Paul has apparently convinced (WSJ) House Financial Services Committee Chairman Barney Frank to implement his proposal (HR 1207) for an audit of the Federal Reserve by the end of 2010. Paul’s Bill would expand existing audits considerably because, under current law, the Government Accountability Office, can’t review most of the Fed’s [...]

Mark Cuban probably didn’t know how much he’d rev up the hypocrisy meter when he suggested that the government should report its own spending and other financial information in XBRL. The SEC recently announced that it would require public companies to do their financial reporting in the format. Having the government do it to is [...]