“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.
Please visit the link provided for the complete story.
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.
Please visit the link provided for the complete story.
What about the trillions of off-balance transactions since last September, Grayson asked.
Coleman demurred again, saying the IG does not have jurisdiction to audit the Federal Reserve.
Please visit the link provided for the complete story.
No one has the jurisdiction to audit the federal reserve and as a result 9 Trillion dollars are unaccounted for. This pracically makes the case for HR 1207 to audit the fed. The shroud of secrecy must be lifted. We deserve to know if these trillions have found there way into the pockets of the owners of the federal reserve bank.
moneynews.newsmax.com
(visit the link for the full news article)
[edit on 5/12/2009 by AlienChaser]
Go nurses 
