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?

brm says:

#22:

“congratulates you on your excellent internal governance”

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

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.

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.

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.

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.

Alfred1 says:

Its unlikely this congress and President will uncover their own crimminality…we will have to wait till 2010 and then the 2012 Palin Presidency will reveal all.

Patrick says:

#34 Neither Bush or Obama have the chops needed to handle the real situation.

Buzz says:

There is an art to asking a question in such a way that it presumes certain truths that have not been solidified.

This guy is good at that. Most lawyers and congressmen are good at that. Just answer the question assumes that the details of the question describe things that have been established as real, reasonable or valid to begin with.

The Earth is round. Everybody knows this. But Bloomberg says the horizon is completely flat. You can see this directly and you can hold up a perfectly straight ruler on a beach and prove it to your own eyes. So why haven’t you investigated how many degrees of curvature your view of the horizon actually produces? Just answer the question!

Making points is not the same as finding truths. The battle here is points versus points, not questions seeking truth.

And that shit has been going on in humanity since the beginning of speech.

Mr. Fusion says:

#37, Buzz,

The Earth is round. Everybody knows this.

Everyone except Alphie.

In fairness to Grayson though, his numbers came from a fairly reliable news source. Not only has he no reason to disbelieve those numbers, Inspector General Coleman didn’t correct him either.