House Democrat Alan Grayson vs Elizabeth Coleman, Inspector General of the Federal Reserve.

Incompetence, a little help for their friends or ???? Amazing.




  1. Bob says:

    I guess she is the “fall guy”?
    I don’t belive that the rest big shots of the FED have no idea what happend to the all of zee monies.

    Moral of the story is: lol burocrats, oh how you fail at life.

  2. Tim Yates says:

    Most people can’t balance their checkbook, how’d you think they fair with $9 trillion.

  3. Mark Derail says:

    Talk about both sides being unprepared.

    Here’s some advice for Alan: Next time, send Elizabeth an email ahead of time with a list of your questions.

    Making her look like she’s clueless and stating it in public sure won’t lead to friendship.

    See, end result would have been Exactly The Same.

    Except, Elizabeth would have looked / sounded good.

  4. Hugh Ripper says:

    Is anyone really surprised at this? Government giving taxpayer money to their corp and banker buddies. Whoda thunk it.

  5. Two to the Head says:

    We are soooo f’ed.

  6. Two to the Head says:

    f’d = f@cked

  7. brm says:

    Oh, just do ‘revert to saved’ in the spreadsheet where you entered in the dollars in the ‘new money’ column.

    Don’t they have an IT guy?

  8. brm says:

    That lady in the back who keeps nodding her head, the ‘adviser’, needs to be punched.

    nod, nod, nod, yes that’s what you should say, nod, nod, yes, yes

  9. George says:

    It’s obvious that more government regulation is needed to oversee the lending practices of the private corporation known as the Federal Reserve.

    Just as Freddie Mac and Fannie Mae lost billions and trillions, it seems the Federal Reserve has done the same. Get ready for hyperinflation.

  10. sargasso says:

    #7. “Don’t they have an IT guy?”, good question, but strangely, they probably can’t afford one.

  11. faxon says:

    This guy, even though he is a Dem, is GREAT! Kick ass, buddy! Makes that dumb bitch look like a total idiot. And of course, we should all realize this is Obama’s administration at work! Get ready for food riots.

  12. Jim says:

    Pay more attention to Elizabeth Warren, she seems to know more what’s going on and is clear about it. She was on real time last week.

  13. LibertyLover says:

    Call your rep and ask him to support HR1207.

    It’s time we got that transparency we were promised.

  14. soundwash says:

    ..and yet still, no one in The Fed or Congress has been arrested or at least found guilty of fraud, gross negligence, willful intent, ..

    ..or even charged.

    -s

  15. Greg Allen says:

    Conservatives complain about taxes, I complain about conservative policies that made my savings go up in smoke. That’s a helluva tax!

  16. ECA says:

    LETS ASK A FEW QUESTIONS HERE.
    1. does the fed have a computer?
    2. does the fed know how to WORK a computer?
    3. does the fed use the computer to monitor the MONEY??
    4. can you call your IT person and ASK for the totals??
    5. do you have a IT person or janitor, and can type on the computer?

    NEXT..
    NO computer??
    1. do you keep a ledger?
    2. is it UP TO DATE??
    3. NO???

  17. brm says:

    Honestly, maybe she doesn’t know where the money went. But someone there does, and and answer like, “so-and-so knows – ask them” would’ve satisfied me, for now.

    Do bureaucrats get this evading-the-question thing so built-in that they are simply incapable of answering questions?

  18. Radar says:

    It’s like riding on a bus and looking up and seeing there is no driver.

  19. Arous says:

    So…what’s Alan Grayson going to do with this information he found?

  20. Ah_Yea says:

    It has become obvious that the Fed is out of control.

    It is also obvious that Congress handed them essentially a blank check without first making sure there was adequate accounting.

    Here’s a thought.
    Right here on this blog we have an article about 4 punks trying to blow up a Jewish center.

    We also have this article about the fed loosing track of heaven knows how many trillions of dollars.

    Which story, really, is the more important?

    But which story is going to get the most airtime?

  21. jas says:

    Good on you America the rest of the world you’ve shat on congratulates you on your excellent internal governance.

    remind me again why your the largest superpower in the world because like this woman i have no answer!

  22. brm says:

    #22:

    “congratulates you on your excellent internal governance”

    The Fed isn’t part of the gov’t! Jokes on… you?

  23. Cursor_ says:

    We leave it to some private group of jerks who IF we prosecute them will shut down that entity and vanish with us holding the bag.

    It is a Three Card Monte game by a government that is broken and needs to be replaced.

    But would any of you want to dismantle it and meet in say NYC or Chicago to start the process of writing a new constitution and create a new republic?

    I doubt it. Would take you away from your Drugs and TV too long.

    Cursor_

  24. LibertyLover says:

    #24, But would any of you want to dismantle it and meet in say NYC or Chicago to start the process of writing a new constitution and create a new republic?

    As much as the thought of them disappearing with everything scares me, the thought of a bunch of “statesmen” who don’t listen to us in the first place writing a new constitution scares me even more. These people would like nothing better than to see our constitution tore up and replaced with one more suitable to their needs.

  25. Toxic Asshead says:

    Bush and Congressional Democrats followed by Obama and Congressional Democrats. Anyone see the common thread here?

  26. They are stupid says:

    Nevermind that it has been said a million times in many of these hearings that I have watched live, not on YouTube where you find only the sensational, that the reason that there is “secrecy” about where the money is being allocated, is that if they made it public, that would give unfair advantages to competing banks on the brink, knowing who’s getting what, how much, when, terms, etc., no, nevermind that important detail, no, forget that, just go on and on stupidly babbling as stupid Americans do, saying these officials are the idiots, when in fact, they are managing a complex financial system, keeping it from collapse, that is 3 trillion times more complex than DNA synthesis, no, kiddies, go on and babble on saying they are the stupid ones.

  27. SparkyOne says:

    What a rube. He is “shocked”? Head on a platter time and he is FN “shocked”. Jesus this country is out of hand baskets and just going straight to hell.

  28. Mr. Fusion says:

    #26, Asshat,

    Bush and Congressional Democrats followed by Obama and Congressional Democrats. Anyone see the common thread here?

    Ya, your stupidity.

    Elizabeth A. Coleman was appointed Inspector General for the Board effective May 6, 2007. In this role, Ms. Coleman leads a staff responsible for promoting economy, efficiency,and effectiveness within Board programs and operations. The Office of Inspector General (OIG) is also responsible for preventing and detecting waste, fraud, and abuse at the Board, among other duties. The OIG achieves its legislative mandate through audits, evaluations, investigations, legislative reviews, and by keeping the Chairman of the Board and Congress fully informed.

    That makes her a Bush Era appointee, NOT Obama. That also makes all of Grayson’s questions very relevant and timely.

  29. Patrick says:

    Uncle Dave said, “Incompetence, a little help for their friends…”

    You are correct about the “friends” aspect, dead on.

    BTW, for some of the posters here. The Fed reserve isn’t a gov agency. It is at the root of the single biggest, long term problem with our economy. This exact type of organization was warned against by past Presidents who accurately predicted what would happen to our national economy if instituted.

  30. Angus says:

    I always found it ironic that the Government was exempt from the rules they place on business. Makes Enron look like your corner grocer going out of business…


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