Alan Grayson: Is Anyone Minding the Store at the Federal Reserve?

A trillion here, a trillion there … why worry about where it goes?

Unbelievable.

This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.

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.