Is anyone minding the store at the Fed?

By Prieur du Plessis, on May 12th, 2009 posted in: 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.

Did you enjoy this post? If so, click here to subscribe to updates to Investment Postcards from Cape Town by e-mail.

More on this topic (What's this?)

Gold Prices Jump When Bernanke Hints at Stimulus (Learn Mining News, 4/10/12)

Krugman: Why the U.S. Economy Could Use Higher Inflation (Money Morning, 5/2/12)

How the Federal Reserve “Squeezes” Smaller Banks (Learn Mining News, 2/10/12)

Read more on Federal Reserve at Wikinvest

Government: Reg Z, H4H Trouble, Japan Trap, Hold The Bag, Congress Opts Out, Minding Fed Store, More Tests, Citi $45Bln TARP, Tom Brown

May 12, 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 ———— [...]