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Old 05-12-2009, 05:50 PM   #1
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Default Federal Reserve Cannot Account For Trillions?

Nowweknow why the Federal Reserve refuses to tell us where the money went. Answer: They do not know where the money went. Watch the Federal Reserve IG waffle as she is questioned by US Rep. Grayson.

http://moneynews.newsmax.com/financenews/feds_lost_nine_trillion/2009/05/12/213463.html

Quote:
"śWhat about the $1 trillion plus expansion of the Federal reserve"™s balance sheet since last September?"ť Grayson asked.

"śWe have different connotations,"ť Coleman replied. "śWe"™re actually conducting a fairly high-level review of the various lending facilities collectively."ť

Translation: Nobody at the Fed knows where the money went.

Do you know what who got the $1 trillion or more in the Fed's expansion of its balance, Grayson pressed.

"I do not know. We have not looked at this specific area at the particular point on that specific review," Coleman answer.
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Old 05-12-2009, 06:09 PM   #2
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Default RE: Federal Reserve Cannot Account For Trillions?

It obviously went to China.
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Old 05-12-2009, 06:37 PM   #3
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Default RE: Federal Reserve Cannot Account For Trillions?

Or somewhere much closer. There are no surprises left.
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Old 05-12-2009, 06:44 PM   #4
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Default RE: Federal Reserve Cannot Account For Trillions?

Why does that surprise you. Where did SS and medicare money go? (but I trust my government over what's left of our free market.[:-])
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Old 05-13-2009, 06:01 AM   #5
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Default RE: Federal Reserve Cannot Account For Trillions?

There is a real fat Swiss account out there with a funny name on it.
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Old 05-13-2009, 06:12 AM   #6
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Default RE: Federal Reserve Cannot Account For Trillions?

Are the initials "B" "H" and "O"?
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