U.S. Federal Reserve Inspector General on Who Received the Bailout Money
May 12th, 2009Via: YouTube:
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.
Holy crap. This IG comes off like a real bimbo. What are off balance sheet transactions? What’s risk? Who cares? Where’s the flag pin on her suit?
Rep Grayson asked some really good questions. Reagan fired all of the IG’s when he came into office and got a whole new slew of them. Some much better than others.
Maybe its time for Obama to clear the decks.
When an SES (Senior Executive Service) government employee paid with U.S. tax dollars in grade for a few years (who probably earns an income equal to the Prez of the U.S) doesn’t have a clue(!)it might be time to FIRE THEM.
This is GROSS INCOMPETENCE. I don’t have time to go look at their website, but it might be enlightening for someone in the Cryptogon community to look at the Federal Reserve Website OIG website. What reports do they produce? What the fluck are they doing?
Sounds like they’ve been picking their noses while the biggest scandal/wealth transfer of the last 500 years has either enfolded or engulfed under a tsunami that they cannot comprehend.
Yuh. Lets report on whether the Federal Reserve has internal controls and they are complying with them. Thats really all we need to do. Pound sand.
Hmpfh. Off balance sheet transactions? Ever hear of Enron? DAB (dumb ass b—-!).
Looks like the elevator can’t reach the top floor; there aren’t four wheels on the vehicle; etc, etc, etc. This is a prime example of a job cut that needs to occur.
This is how I look at government “servants”. They get paid on commission only like a salesman. When they cut costs and reduces the burden then they get a percentage decided upon by public forum and only then, never before, never on spec, and thats ALL. When they get real tangible, verifiable, results then they see the greenbacks and Their staff gets paid out of this commission of theirs and should they not perform they then take a pay cut or get laid off immediately. Increase the size of any governmental entity and “whack”!!! There will be no pensions, no perks…. nada, everything is performance based. Just how many of these vermin would agree to something like that? Welcome to the real world.