It’s Worse At The Fed Than I Thought

Michael Murphy
2009-05-14
14
May 09

This really is almost unbelievable.
Rep. Alan Grayson (D-FL) asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the $9 trillion of off-balance sheet obligations that Bloomberg recently reported have been quietly made. She has no clue, and doesn’t even seem to know about the off-balance sheet stuff – and she is the top cop at the Fed! I’m leaving this post unprotected so you can send the link above to anyone. Every American voter should see this.

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