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
Rocky Vega is publisher of Agora Financial International, where he advances the growth of Agora Financial publishing enterprises outside of the US. Previously, he was publisher of The Daily Reckoning, and founding publisher of both UrbanTurf and RFID Update -- which he ran from Brazil, Chile, and Puerto Rico -- as well as associate publisher of FierceFinance. Rocky has an honors MS from the Stockholm School of Economics and an honors BA from Harvard University, where he served on the board of directors for Let’s Go Publications, Harvard Student Agencies, and The Harvard Advocate.
The Daily Reckoning is your premier source for making sense of the news Washington and Wall Street generate. Each business day, The Daily Reckoning calls on its stable of world-class writers and thinkers to show you how to get ahead.
Start your 100% FREE subscription to The Daily Reckoning today and you’ll get a free research report, “How to Survive the Fall of Social Security.” Simply enter your email address below to get your free report and join over 495,000 worldwide Daily Reckoning subscribers!
We Respect Your Privacy and We will
Never Share or Sell Your Email Address
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 ?