Posted by: jhamon | June 2, 2009

Something to Scare the Children

jD sent me this video of a hearing of the Financial Services Subcommittee on Oversight and Investigations (5/5/09).  Representative Alan Grayson (D-FL 8th) questions Federal Reserve Inspector General Elizabeth A. Coleman about the multi-trillion dollar loans made by the Fed as well as trillions of dollars of “off balance sheet” (Newspeak-English translation: “unaccounted for”)  Fed obligations.

Move to strike her answers as non-responsive:

According to Coleman’s bio on the fed site,

The Office of Inspector General (OIG) is also responsible for preventing and detecting waste, fraud, and abuse at the Board, among other duties. The OIG achieves its legislative mandate through audits, evaluations, investigations, legislative reviews, and by keeping the Chairman of the Board and Congress fully informed.

If “waste, fraud, and abuse at the Board” occurs and nobody is there to inspect it, does it exist?


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