Is Anyone Minding The Store At The Federal Reserve?

May 12th, 2009 Posted By Erik Wong.

www.bloomberg.com

Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.

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15 Responses to “Is Anyone Minding The Store At The Federal Reserve?”

  1. Mrs. Scoot

    I saw this video on another site earlier. It was freakin scary to watch.

  2. Scoot

    Does this woman work for Nancy Pelosi? “I don’t know, I don’t recall.” STFU and tell us the truth.

    I’ll tell you where this money went. They used it to buy gold, and to finance WWIII.

    It is time to abolish the Federal Reserve, and give the power to make money back to Congress as per the Constitution. Then we send the people who are responsible for bankrupting us, and are destroying our country, down to Sheriff Joe in Arizona. He’ll treat them like the criminals that they are.

  3. DesignR

    Holy Crap.

    Are there any adults in Washington?

    It sounded like a father asking his daughter about her personal finances.

    She had NO answers; “How could you ask me that daddy? I have not conducted a forensic investigation into the trillions of dollars I spent using your credit card for the last 6 months. OMG! Who do you think you are?”

    We are SO SCREWED!

    • Tim Roesch

      I suggest reading the book ‘Death of the Grownup’ by Diana West.

      It is the one hope I cling to when I see what is happening. My thought is Obama and his supporters are too young and immature to be true Brownshirts.

  4. Scoot

    Here’s another interesting article about the lovely Federal Reserve:

    http://www.slate.com/id/2217811/

    “So whom have the banks chosen to be the public representatives on the board during the past decade, as the crisis developed and unfolded? Dick Fuld, the former chairman of Lehman; Jeff Immelt, the chairman of GE; Gene McGrath, the chairman of Con Edison; Ronay Menschel, the chairwoman of Phipps Houses and also, not insignificantly, the wife of Richard Menschel, a former senior partner at Goldman. Whom did the Board of Governors choose as its public representatives? Steve Friedman, the former chairman of Goldman; Pete Peterson; Jerry Speyer, CEO of real estate giant Tishman Speyer; and Jerry Levin, the former chairman of Time Warner. These were the people who were supposedly representing our interests!”

    • Specter

      This is the second article I’ve seen in which Eliot Spitzer rails on Geithner. The other one was a WSJ editorial.
      I think Timmaayy was boinking the same ho.
      :razz:

  5. Specter

    It went to the IMF.

    Lying bitch, is she under oath??

    Everyone should read and understand this link:
    http://www.marketoracle.co.uk/Article9594.html

  6. Specter

    They are actively trying to destroy the dollar.

    The fed doesn’t answer to the government, they are privately held slave masters.

    These bastards deserve jail.

  7. SOC

    Obama gave it to Iran, the Taliban, Chavez, Hamas, Hizbollah, and all other of America’s enemies. It is obvious this woman is lying and really does not know.
    Liar, Liar, hair on fire

  8. YERMOM

    one more shit log on the fire.

    Cant watch this video cause it makes me want to cave her skull in.

  9. sassysuz

    Do Not forget about the 2 trillion they lent to someone just before the election that stirring up this whole TARP shit. They will not say who they gave it too! :gun:

  10. Shaun

    Rep. Alan Grayson - Have you done your job to account for this money?

    Inspector General Elizabeth Coleman - I don’t know

    Rep. Alan Grayson - YOUR FIRED! Next….

    They like to make it overly complex so they can cheat & steal the tax money from the Taxpayer right before their eyes. It’s all BS. :evil:

  11. proud2beaninfidel

    This echos what former Fed senior employees have been saying. Timmy “Turbo Tax” Geithner and his kiddies are “playing store” with what’s left of our future.

    This is great news, which should be compounded by Thursday’s announcement from Chrysler about the 800 dealers they will “fire” (sound familiar, comrades? It’s code for Obama’s new minion, the “clueless car czar” giving the orders, “or else”) out of their current network of 3200 dealers. Gee, no economic impact there. I can see the future, and it is bleak.

    Stash some food, people, it won’t be pretty.

  12. Tim Roesch

    Did any of you notice the rather severe woman to the right of the speaker (as you view her) and the gentleman just behind her?

    Can anyone who lip reads understand what they are saying to each other and what the woman whispers to the Inspector General?

    Maybe it isn’t Obama that needs the :gun: but the Federal Reserve? Maybe attacking Obama is like attacking the tail of the Crocodile or worse, the tail of an Alligator Lizard?

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