Inspecter General of the Federal Reserve has no clue about its balance sheets...

Posted on May 20, 2009

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.

Bloomberg Report

Federal Reserve Office of the Inspector General 

Wow.

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