Part 3/8:
The debate further escalated as the congressperson emphasized that the law specifies transfers are to be derived from combined earnings. They questioned the legality of the operations conducted in light of the Federal Reserve's financial status. Their position highlighted a perceived inconsistency in operations that could jeopardize regulations established by the Federal Reserve.
Despite the representative's insistence that the definition of earnings was being misapplied, the congressperson maintained that without earnings, the legality of the transfers was indeed questionable. This argument underlined the broader implications of financial reporting and accountability within federal operations.