One Response to “Alan Greyson questions Federal Reserve Inspector General”

1. BeAfraid says:

   May 11, 2009 at 1:40 pm

   Grayson: “Have you done any investigation or auditing into off-balance sheet transactions conducted by the Federal Reserve”

   Coleman: “At this point we are conducting our lending facility project at a high level and have not gotten to a sufficient level of detail to be able to respond”

   Grayson: “Have you conducted any investigation or auditing into the losses that the Federal Reserve may have experienced on its lending since last September”

   Coleman: “We are still in the process of conducting that review. Until we actually, you know, go out and gather the information, I’m not in a position to really respond to this specific question”

   (So.. it turns out they haven’t tried to find this information out yet?)

   Grayson: “Are you telling me that nobody at the Federal Reserve is keeping track of the losses on what is now a 2 trillion dollar portfolio?”

   Coleman: “I don’t know if you…you’re telling me there are losses. I’m just saying, until we actually look at the program we are not in any position to tell you if there are losses or give you any other information”.

   (This just goes to show: If you don’t require a Congressional audit, there *will not be any audit at all*)

   We are talking about $2 TRILLION dollars that the Inspector General knows NOTHING ABOUT.

   Unbelievable…

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