FED has lent and spent 9 Trillion - Has no idea to whom or for what

[louie1674]

"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.
Worse, nobody at the Fed seems to have any idea what the loses on its $2 trillion portfolio really are."

Originally posted on Liveleak by: Hacedeca



Now Imagine the Gov't running your health care.

[Wild Cobra]

Well, there's some fine bull . Grayson interjects as fact there is missing money and is blaming the IG for not knowing...

The IG is not an accounting firm. If valid concerns are there, they investigate. They don't track the balance sheets on a regular basis. He's an ass, not accepting that the answers are not there yet.

[TDMVPDPOY]

all i know is you guys pay china 50billion in interest each year....

[Cant_Be_Faded]

And I'm proud to be an American. Where at least I know I'm free.

[FaithInOne]

And now I go to collect my moneys. To go bury them under my treeeeeeeee.