Friday, June 12, 2009

What are inspectors for? Apparently, not for inspections!

Well, perhaps that's unfair. But decide for yourself after watching the following interaction regarding the Federal Reserve, apparently on May 5 this year, between the Fed's Inspector General, Elizabeth A. Coleman, and Congressman Alan Grayson, in a Financial Services Committee question and answer session.

Grayson, who is a Democrat, asks Coleman to which individuals, organisations, companies or institutions the trillions of dollars lent or spent by the Federal Reserve have gone. He also asks about the further trillions of off balance sheet obligations entered into by the Fed. The answers are remarkable: Sphere: Related Content

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