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Alan Grayson (High Quality Version): Is Anyone Minding the Store at the Federal Reserve?

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Uploaded by on May 12, 2009

This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.

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.

http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aGq2B3XeGKok

Federal Reserve Office of the Inspector General: http://www.federalreserve.gov/oig/

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News & Politics

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Top Comments

  • The Republicans did everything they could to defeat Alan Grayson, replacing him with someone who is his arch opposite in intelligence and integrity. Support Alan Grayson's bid to return to Congress.

  • this video should have a hundred million hits.

    9 TRILLION dollars of off-balance sheet transactions?? that is an unfathomably large amount of taxpayer money.

    the people need to know this information!

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All Comments (1,880)

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  • Good for you Alan Grayson  ( :

  • The FED is like a big curtain in the land of oz. Until you pull the curtain back (an audit) you will never get a straight answer from them. Eventually they will just tell you it is none of your business. Bernanke has already said so. The FED is a private entity that has all the power of the Federal government, it was dreamed up on Jekyll Island in 1910. JP Morgan was on Jekyll Island at the time. It was discovered the Rothschild's owned 80% JP Morgan bank after his death. Rothschild's = $500T

  • Someone should post RON PAULS videos with him talking to bernake and o his book as a reply do this video

  • I poop on children for money

    g56

  • While I like Alan Grayson's position on the federal reserve, dont forget he is still an absolute raging socialist. Having him out of office is a good thing.

  • We need this man as our President! Pure and simple! Please support and encourge Alan Grayson and ask him to run for President! Obama is just a Republican light. We need a true leader, a true progressive, a brave and towering figure like Alan Grayson leading this country! Its time has come, and is long overdue! Grayson for President, NOW!!!

  • Hmm inspector general of the Fed now that sounds like they should be doing inspections of the Fed's actions doesn't it?

  • How the United States are destroying the earth

    Search For the series

    "THE GREAT DISASTERS"

  • @cyrusfx1 What do you get out of pretending stuff is true when its clearly not? Obama re-appointed Bernanke, who is a government employee on a government payroll. The Fed was created by the government, its members appointed by other government officials, and their salaries are payrolled by the Federal government. You only have to do a little bit of research to figure these facts out. What do you get out of trying to pretend things are different? I don't get it.

  • @cyrusfx1 Sorry, I had to break my Reply up into 2 pieces, which this crummy system did not properly organize. I'm sure you will find each however.

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