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House Democrat Alan Grayson vs Elizabeth Coleman, Inspector General of the Federal Reserve.
Incompetence, a little help for their friends or ???? Amazing.
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I guess she is the “fall guy”?
I don’t belive that the rest big shots of the FED have no idea what happend to the all of zee monies.
Moral of the story is: lol burocrats, oh how you fail at life.
Most people can’t balance their checkbook, how’d you think they fair with $9 trillion.
Talk about both sides being unprepared.
Here’s some advice for Alan: Next time, send Elizabeth an email ahead of time with a list of your questions.
Making her look like she’s clueless and stating it in public sure won’t lead to friendship.
See, end result would have been Exactly The Same.
Except, Elizabeth would have looked / sounded good.
Is anyone really surprised at this? Government giving taxpayer money to their corp and banker buddies. Whoda thunk it.
We are soooo f’ed.
f’d = f@cked
Oh, just do ‘revert to saved’ in the spreadsheet where you entered in the dollars in the ‘new money’ column.
Don’t they have an IT guy?
That lady in the back who keeps nodding her head, the ‘adviser’, needs to be punched.
nod, nod, nod, yes that’s what you should say, nod, nod, yes, yes
It’s obvious that more government regulation is needed to oversee the lending practices of the private corporation known as the Federal Reserve.
Just as Freddie Mac and Fannie Mae lost billions and trillions, it seems the Federal Reserve has done the same. Get ready for hyperinflation.
#7. “Don’t they have an IT guy?”, good question, but strangely, they probably can’t afford one.
This guy, even though he is a Dem, is GREAT! Kick ass, buddy! Makes that dumb bitch look like a total idiot. And of course, we should all realize this is Obama’s administration at work! Get ready for food riots.
Pay more attention to Elizabeth Warren, she seems to know more what’s going on and is clear about it. She was on real time last week.
Call your rep and ask him to support HR1207.
It’s time we got that transparency we were promised.
..and yet still, no one in The Fed or Congress has been arrested or at least found guilty of fraud, gross negligence, willful intent, ..
..or even charged.
-s
Conservatives complain about taxes, I complain about conservative policies that made my savings go up in smoke. That’s a helluva tax!
LETS ASK A FEW QUESTIONS HERE.
1. does the fed have a computer?
2. does the fed know how to WORK a computer?
3. does the fed use the computer to monitor the MONEY??
4. can you call your IT person and ASK for the totals??
5. do you have a IT person or janitor, and can type on the computer?
NEXT..
NO computer??
1. do you keep a ledger?
2. is it UP TO DATE??
3. NO???
Honestly, maybe she doesn’t know where the money went. But someone there does, and and answer like, “so-and-so knows – ask them” would’ve satisfied me, for now.
Do bureaucrats get this evading-the-question thing so built-in that they are simply incapable of answering questions?
It’s like riding on a bus and looking up and seeing there is no driver.
So…what’s Alan Grayson going to do with this information he found?
It has become obvious that the Fed is out of control.
It is also obvious that Congress handed them essentially a blank check without first making sure there was adequate accounting.
Here’s a thought.
Right here on this blog we have an article about 4 punks trying to blow up a Jewish center.
We also have this article about the fed loosing track of heaven knows how many trillions of dollars.
Which story, really, is the more important?
But which story is going to get the most airtime?
Good on you America the rest of the world you’ve shat on congratulates you on your excellent internal governance.
remind me again why your the largest superpower in the world because like this woman i have no answer!
#22:
“congratulates you on your excellent internal governance”
The Fed isn’t part of the gov’t! Jokes on… you?
We leave it to some private group of jerks who IF we prosecute them will shut down that entity and vanish with us holding the bag.
It is a Three Card Monte game by a government that is broken and needs to be replaced.
But would any of you want to dismantle it and meet in say NYC or Chicago to start the process of writing a new constitution and create a new republic?
I doubt it. Would take you away from your Drugs and TV too long.
Cursor_
#24, But would any of you want to dismantle it and meet in say NYC or Chicago to start the process of writing a new constitution and create a new republic?
As much as the thought of them disappearing with everything scares me, the thought of a bunch of “statesmen” who don’t listen to us in the first place writing a new constitution scares me even more. These people would like nothing better than to see our constitution tore up and replaced with one more suitable to their needs.
Bush and Congressional Democrats followed by Obama and Congressional Democrats. Anyone see the common thread here?
Nevermind that it has been said a million times in many of these hearings that I have watched live, not on YouTube where you find only the sensational, that the reason that there is “secrecy” about where the money is being allocated, is that if they made it public, that would give unfair advantages to competing banks on the brink, knowing who’s getting what, how much, when, terms, etc., no, nevermind that important detail, no, forget that, just go on and on stupidly babbling as stupid Americans do, saying these officials are the idiots, when in fact, they are managing a complex financial system, keeping it from collapse, that is 3 trillion times more complex than DNA synthesis, no, kiddies, go on and babble on saying they are the stupid ones.
What a rube. He is “shocked”? Head on a platter time and he is FN “shocked”. Jesus this country is out of hand baskets and just going straight to hell.
#26, Asshat,
Bush and Congressional Democrats followed by Obama and Congressional Democrats. Anyone see the common thread here?
Ya, your stupidity.
That makes her a Bush Era appointee, NOT Obama. That also makes all of Grayson’s questions very relevant and timely.
Uncle Dave said, “Incompetence, a little help for their friends…”
You are correct about the “friends” aspect, dead on.
BTW, for some of the posters here. The Fed reserve isn’t a gov agency. It is at the root of the single biggest, long term problem with our economy. This exact type of organization was warned against by past Presidents who accurately predicted what would happen to our national economy if instituted.
I always found it ironic that the Government was exempt from the rules they place on business. Makes Enron look like your corner grocer going out of business…