Watch the Federal Reserve IG waffle and squirm as she is questioned by Us Rep. Grayson. No wonder the fed won't tell us where the money went: They don't know where it went.
http://moneynews.newsmax.com/financenews/feds_lost_nine_trillion/2009/05/12/213463.html“What about the $1 trillion plus expansion of the Federal reserve’s balance sheet since last September?” Grayson asked.
“We have different connotations,” Coleman replied. “We’re actually conducting a fairly high-level review of the various lending facilities collectively.”
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.
