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Is Anyone Minding the Store at the Federal Reserve? (9 Trillion Unaccounted For)

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KoKo Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue May-12-09 09:50 AM
Original message
Is Anyone Minding the Store at the Federal Reserve? (9 Trillion Unaccounted For)
Edited on Tue May-12-09 09:53 AM by KoKo
VIDEO of BUMBLING:

http://www.youtube.com/watch?v=PXlxBeAvsB8&eurl=http%3A...
Is Anyone Minding the Store at the Federal Reserve?

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 obligation...

------
Monday, May 11, 2009
The Federal Reserve Can Not Account For $9 Trillion In Off-Balance Sheet Transactions
Posted by Tyler Durden at 3:05 PM
This video is a must watch for anyone who wants to understand just how "effective" the Fed is at safeguarding taxpayer money. Apparently nobody at the Federal Reserve has any clue where the trillions of dollars that have come from the Fed's expanded balance sheet have gone. Additionally, nobody there seems to have any idea what the losses on the Fed's $2 trillion portfolio really are.

As for the pittance of $9 trillion in Fed off-balance sheet transactions over the past 8 months, well, yeah, that's also somewhere out there... Just don't ask the Federal Reserve where.

Rep. Alan Grayson summarizes it best "I am shocked to find out that nobody at the Federal Reserve is keeping track of anything."

http://zerohedge.blogspot.com/2009/05/federal-reserve-c...


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   Replies to this thread
   The Federal Reserve Is A Private Institution - Not Accountable To The Government  lostnotforgotten   May-12-09 09:59 AM   #1 
   That pretty much sums it up. n/t  Joe the Liberal   May-13-09 04:58 AM   #3 
   kick  KoKo   May-12-09 07:30 PM   #2 
   Why this didnt get 100 Recs is beyond me.  threadkillaz   May-17-09 04:55 AM   #4 
   I had similar topic yesterday and not one comment.  truedelphi   May-17-09 02:05 PM   #7 
   Sure, they're minding the store. Where do you think the $9,000,000,000,000 went?  tom_paine   May-17-09 12:52 PM   #5 
   Enron? Pentagon? - these guys all went to the same business school  BR_Parkway   May-17-09 01:34 PM   #6 
   I wish I could do "off balance sheet" transactions too.  bemildred   May-17-09 09:59 PM   #8 
 
lostnotforgotten (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue May-12-09 09:59 AM
Response to Original message
1. The Federal Reserve Is A Private Institution - Not Accountable To The Government
eom

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Joe the Liberal Donating Member (1000+ posts) Click to send private message to this author Click to add this author to your buddy list Click to add this author to your Ignore list Wed May-13-09 04:58 AM
Response to Reply #1
3. That pretty much sums it up. n/t

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KoKo Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Tue May-12-09 07:30 PM
Response to Original message
2. kick

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threadkillaz (452 posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-17-09 04:55 AM
Response to Original message
4. Why this didnt get 100 Recs is beyond me.
Kick for truth.

Support HR 1207.

http://thomas.loc.gov/cgi-bin/bdquery/z?d111:HR01207:@@...

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truedelphi Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-17-09 02:05 PM
Response to Reply #4
7. I had similar topic yesterday and not one comment.
Not one.

hey it's only our economy, right?

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tom_paine (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-17-09 12:52 PM
Response to Original message
5. Sure, they're minding the store. Where do you think the $9,000,000,000,000 went?
The thieves are minding the store, and robbing the store, as only the Global Aristicratic Elite can.

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BR_Parkway Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-17-09 01:34 PM
Response to Original message
6. Enron? Pentagon? - these guys all went to the same business school
obviously. I guess this is what they meant about running the country more like a corporation

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bemildred Donating Member (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Sun May-17-09 09:59 PM
Response to Original message
8. I wish I could do "off balance sheet" transactions too.
That must be really cool to be able to do.

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DU AdBot (1000+ posts) Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list Wed Feb 10th 2010, 12:15 AM
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