05/08/09 Congressman Alan Grayson questions Federal Reserve Inspector General Elizabeth Coleman about the trillions of dollars the Federal Reserve is lending, spending, or carrying in off balance sheet obligations. The footage demonstrates the IG doesn’t really have a sense of how the money is being used.
Rocky Vega is a regular contributor to The Daily Reckoning. Previously, he was founding publisher of UrbanTurf and RFID Update, which he operated from Brazil, Chile, and Puerto Rico, and associate publisher of FierceFinance. He specialized in direct marketing at MBI, facilitated MIT Sloan School of Management programs, and has been featured on CBS. Vega graduated with honors from Harvard University, where he was on the board of Let’s Go Publications and directed business programs involving McKinsey, Goldman Sachs, and Harvard Business School faculty. He is also enrolled at the Stockholm School of Economics.
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So when the Glorious Mogambo Ruler Of What Is Right And True (GMROWIRAT) says “Buy Gold and Silver because we’re all frickin doomed”… we should because that little hearing was empty, ‘cept the detainees-o-congress being asked normal questions’ on the only occupied side of the room… barely a ghost of anyone watching, are the only ones with legal counsel? Tsk tsk tsk. Why didn’t I catch this on CSPAN?
God bless people like Grayson. Most politicians are just prostitutes for bankers and other monied interests. We need more people like him. Taxpayers are getting raped with these bailouts.
$30,000 for every man woman and child in this country. I tried getting a loan for my business last week and could’t. Where did all that money go. Maybe we should ask Greenspan. He seems to be willing to talk now that he is no longer with the Fed or is he?
Good example what dumbfu*ks use to be “responsible” for oversight of the most important entities of society.
Would be interesting to know how she got her job. Guess she fuc*ed with a congressman or something…
I would like to see an independent 3rd party audit of the FRS too, BUT: you people and this Congressman clearly don’t understand the role of internal audit. It is not this woman’s job to keep track to FRS losses for example but to make sure someone is and that the information is reported to the Board of Governers.
In a perspective today on the record level of job losses, an IBD editorial asks, “Will it ever occur to our leaders in Washington that what they’re doing isn’t working – and may actually be damaging our economy?”
It’s a rhetorical question, of course, as it goes on to describe, “The spectacular failure of the so-called fiscal stimulus…Read more…
ByBill Bonner | Beunos Aires, Argentina - | 11/07/09
Governments are running breathtaking deficits…and accumulating alarming debts. Japan has a national debt of nearly 200% of its GDP. Where did that debt come from? It came from 20 years of trying to buy its way out of a slump with borrowed money. Of course, it didn’t work. But now, Britain and America are following…Read more…
In case you missed it last week, Ron Paul was on Larry King Live as a follow up and rebuttal to a Michael Moore interview. The discussion covers healthcare and government spending in all its various forms. It’s useful to see Paul’s perspective because it’s so unique in the US Congress.
This video has come to…Read more…
who is the witch behind the other witch that keeps whispering into her ear?
So when the Glorious Mogambo Ruler Of What Is Right And True (GMROWIRAT) says “Buy Gold and Silver because we’re all frickin doomed”… we should because that little hearing was empty, ‘cept the detainees-o-congress being asked normal questions’ on the only occupied side of the room… barely a ghost of anyone watching, are the only ones with legal counsel? Tsk tsk tsk. Why didn’t I catch this on CSPAN?
Take a look at Mogambo. Puts it all in perspective… a long time ago. And Now.
God bless people like Grayson. Most politicians are just prostitutes for bankers and other monied interests. We need more people like him. Taxpayers are getting raped with these bailouts.
$30,000 for every man woman and child in this country. I tried getting a loan for my business last week and could’t. Where did all that money go. Maybe we should ask Greenspan. He seems to be willing to talk now that he is no longer with the Fed or is he?
Good example what dumbfu*ks use to be “responsible” for oversight of the most important entities of society.
Would be interesting to know how she got her job. Guess she fuc*ed with a congressman or something…
P-A-T-H-E-T-I-C
I would like to see an independent 3rd party audit of the FRS too, BUT: you people and this Congressman clearly don’t understand the role of internal audit. It is not this woman’s job to keep track to FRS losses for example but to make sure someone is and that the information is reported to the Board of Governers.
Do you Balance your Check Book ? As a citizen I balance mine. Why has the Gov’t been soooo slow to do a CHECK & BALANCES ? WOW WHAT A CONCEPT HUH ?