Video: Federal Reserve Lost Trillions, Inspector General Is Clueless

Vickie Coleman

Okay, sorry, I know, it’s crazy Rep. Alan Grayson questioning Federal Reserve Investigator Vickie Coleman about trillions in losses by the Federal Reserve. He repeatedly asked her about off balance sheet losses, totaling $9 trillion, by the Fed and she said she had no clue. He also asked about a trillion dollar Fed expansion and who the money went to. Again, no clue. She explained that the IG role is to oversee Fed programs, and that they do not have jurisdiction to monitor the Feds activities.

H/T Maggie’s Notebook