Tue 12 May 2009
Is anyone minding the store at the Fed?
Posted by Prieur du Plessis under Investment, Markets, Money
In the video clip below, Rep. Alan Grayson asks the Federal Reserve Inspector General, Elizabeth Coleman, about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Coleman responds that the Inspector General does not know and is not tracking where this money is.
You can’t make up stuff like this!
Source: YouTube, May 6, 2009.
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Pingback from Government: Reg Z, H4H Trouble, Japan Trap, Hold The Bag, Congress Opts Out, Minding Fed Store, More Tests, Citi $45Bln TARP, Tom Brown
May 12th, 2009 at 11:24 pm[...] Is anyone minding the store at the Fed? - Posted by Prieur du Plessis - In the video clip below, Rep. Alan Grayson asks the Federal Reserve Inspector General, Elizabeth Coleman, about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Coleman responds that the Inspector General does not know and is not tracking where this money is. You can’t make up stuff like this! - Click for Video ———— [...]
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