Saturday, May 16, 2009

Moneynews - Video: Federal Reserve Cannot Account for $9 Trillion

Excuse me??  They can't account for $9 TRILLION???   $9 TRILLION???  I say again:  Not A Single Cent more to these people!  Nothing!!

Video: Federal Reserve Cannot Account for $9 Trillion

Tuesday, May 12, 2009 12:30 PM
By: Julie Crawshaw
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The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.

When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know.

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