Belmont Club

Another day, another dollar

The caption on the YouTube site says, “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, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.”

[youtube PXlxBeAvsB8]

Are we missing something here? Is Grayson simply scoring points or is something seriously broken? Open thread.


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