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.The IG of the Fed is apparently clueless about the workings of her agency. Mr. Grayson's questioning produces a stumbling and bumbling response from her as to where the money went. Scary - watch the video.
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