Here’s a $9 Trillion Question

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Elizabeth A. Coleman was appointed Inspector General for the Federal Reserve System on May 6, 2007. As Inspector General she leads the Office of Inspector General (OIG), responsible for promoting economy, efficiency,and effectiveness within the FED Board programs and operations. The responsibilities of the OIG also include the prevention and detection of waste, fraud, and abuse at the Board of Governors of the Federal Reserve System. The OIG is supposed to achieve its mandate through audits, evaluations, investigations, legislative reviews, while keeping the Chairman of the Board and Congress fully informed.

Representative Alan Grayson asks Her where is the missing 9 Trillion Dollars.She says she does not know and is not tracking where this money is!

 


Amicus Humani Generis

Bloomberg: When Group of 20 finance ministers this week urged the Federal Reserve to “minimize negative spillovers” from potential interest-rate increases, they omitted a key figure: $9 trillion.





Also see:

Fed Inspector General Knows Roughly Nothing About The Fed (VIDEO)

The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. That’s the conclusion that comes from watching the exchange Tuesday between Rep. Alan Grayson (D-Fla.) and inspector general Elizabeth A. Coleman.

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