Sort by The Huffington Post (Free subscription) - 06/05/2009 - YouTube
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, an...
Sort by The Huffington Post (Free subscription) - 06/05/2009
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. Coleman could not tell Grayson what kind of losses the Fed has so far suffered on its $2 trillion portfolio, which has greatly...
Sort by Firedoglake (Free subscription) - 21/05/2009
When President Obama signed the bill on Wednesday creating a 10 member Pecora-style commission with subpoena power to investigate the financial crisis, he also issued a signing statement limiting the administration's duty to comply with its requests. NYT: In other words, the president is reserving the right to claim executive privilege if the commission seeks information or documents that the White...
Sort by The Business Insider (Free subscription) - 11/05/2009
No fan of the Federal Reserve, CNBC's Rick Santelli is eager to highlight anything that shows just how corrupt and counter-productive the organization is. In one of his classic rants, the Chicago bond guy said to search YouTube for "Elizabeth Coleman Inspector General" to see just how clueless the person tasked with monitoring the Fed actually is. Here you go. It is pretty much a trainwreck. Join...
Sort by Crooks and Liars (Free subscription) - 08/05/2009
Blue America's Alan Grayson and Florida's new rising star just keeps coming. And he hits on an important problem for our government. Do you get this? Because I really don't get this. The Federal Reserve has lent out TRILLIONS of dollars to private banks, and is keeping the recipients and the amounts a total secret. In an e-mail I received: In a hearing yesterday, Congressman Alan Grayson asked the...
Sort by Open Left (Free subscription) - 22/07/2009
Sometimes you don't find out who your friends are until the bear in the woods hits the Pope's fan. In the last year We, the People have been finding out who our friends are and aren't. (Actually mostly just aren't.) We especially have been finding out what the priorities are and where the power lies. And lies and lies. Since the financial crisis began we have been seeing as clear a display of raw power...
Sort by Hullabaloo (Free subscription) - 12/05/2009
Grayson Strikes Again by digby Apparently, this was making the rounds on the trading floor today. From CNBC: viewers, search on youtube for inspector general. The title piece, "is anyone minding the store store at the federal reserve." Elizabeth Warren is the inspector -- excuse me, Elizabeth Coleman is the inspector general --- and this cross-examination by representative Alan Grayson is just all...
Sort by naked capitalism (Free subscription) - 12/05/2009
Rep. Alan Grayson asks Inspector General Coleman of the Federal Reserve some very basic questions of about various Fed programs and activities and gets nowhere. And the worse is that the IG isn't stonewalling, but instead is clearly completely clueless. Watching the video, you get the impression that Coleman can't name a program beyond the TALF. But there is a possibly more important issue at stake....
Sort by Moonbattery (Free subscription) - 30/05/2009
Elizabeth Coleman, Inspector General of the Federal Reserve, explains where all our money is going: It's past time to get the torches and pitchforks ready. Via The Business Insider, on a tip from TED....
Sort by Say Anything (Free subscription) - 18/05/2009
Or, at least, they aren’t talking. Back in February Bloomberg reported that taxpayer’s commitment to “solving” the financial crisis through the various bank bailouts had risen to $9.7 trillion, or about enough to pay off 90% of the nation’s home mortgages (which kind of makes you wonder why the idiots didn’t just do that as, though it would be bad policy, it would at least be simpler). The bigger problem,...
Sort by Mises Economics Blog (Free subscription) - 16/05/2009
Ludwig von Mises Institute - Tu Ne Cede MalisAdvancing the scholarship of liberty in the tradition of the Austrian School.
Sort by Below The Beltway (Free subscription) - 14/05/2009
Apparently, nobody is: Apologies for the badly mixed audio. Similar Posts:Friday Night Video # 2: Two Shots Of Happy, One Shot Of Sad Power Outage Republican Senator: Joe Biden Is More Qualified Than Sarah Palin And We’re Back Honey I (Almost) Broke The Blog
Sort by The Classic Liberal Blog (Free subscription) - 03/06/2009
Momentum is building with 179 co-sponsors for Congressman Ron Paul’s bill in the U.S. House of Representatives to audit the Federal Reserve System (Federal Reserve Transparency Act of 2009) not just because of the growing unrest over the Fed’s gigantic and reckless expansion of trillions of dollars in credit during the past eight months but [...]
Sort by My Left Nutmeg - Front Page (Free subscription) - 11/05/2009
Jane over at Firedoglake posted this video a couple of days ago in reference to a video Rep. Alan Grayson (D-FL) posted earlier this year, asking where the money was going. Even last week a Federal Reserve Inspector General couldn't --or wouldn't-- say. As Jane wrote: One of the things we discussed was the refusal of Fed Vice Chair Donald Kohn to answer Alan Grayson's question in a House Financial...
Sort by NoisyRoom.net (Free subscription) - 12/05/2009
Hat Tip: Moneynews Video: Federal Reserve Cannot Account for $9 Trillion
Sort by Reboot Congress (Free subscription) - 13/05/2009
This is a clip of Rep. Alan Grayson (D-FL) talking to 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. To my mind, the financial mess is largely a function of over regulation. That was what I implied in an earlier post . At about 2:10, the Fed IG explains to Rep. Grayson that the...
