bodypilot90 0 #1 June 6, 2009 It seems like no one really. http ://dailybail.com/home/there-are-no-words-to-describe-the-following-part-ii.html Quote Share this post Link to post Share on other sites
Rookie120 0 #2 June 6, 2009 Hmmmmm, broken link when I tried it. If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
Andy9o8 3 #3 June 6, 2009 Quote It seems like no one really. http://dailybail.com/home/there-are-no-words-to-describe-the-following-part-ii.html Here, I fixed the link for ya. Quote Share this post Link to post Share on other sites
bodypilot90 0 #4 June 6, 2009 thanks, What do you think? Your tax money and no one knows where it's going. Quote Share this post Link to post Share on other sites
Rookie120 0 #5 June 6, 2009 Quote Here, I fixed the link for ya. Thank you!If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
Rookie120 0 #6 June 6, 2009 Are you fucking kidding me?!!!!!!!!! This lady is so fucking clueless! How did she get this job? I wouldn't give her a job pushing mule shit for a circus. And whats with the dumb cunt behind her who keeps knodding her head like she knows what the fucks going on? HOLY SHIT! Where's the Tylenol?If you find yourself in a fair fight, your tactics suck! Quote Share this post Link to post Share on other sites
Butters 0 #7 June 6, 2009 Relax, it's only a couple of trillion dollars that they can't account for ... "That looks dangerous." Leopold Stotch Quote Share this post Link to post Share on other sites
SpeedRacer 1 #8 June 6, 2009 For another view on this: http://economicsofcontempt.blogspot.com/2009/05/grandstanding.html QuoteGrandstanding The video of Rep. Alan Grayson grilling the Inspector General of the Fed Board of Governors, Elizabeth Coleman, has been making the rounds. Grayson says that there's a Bloomberg article which says that the Fed has entered into $9 trillion of off-balance sheet transactions, and asks Coleman if she has investigated those transactions at all. After Coleman fumbles around for a while, she essentially says no. Grayson makes himself look good in this video, especially because Coleman's performance is so bad, but this is grandstanding of the highest order. First of all, the Bloomberg article never said that the Fed has entered into $9 trillion of off-balance sheet transactions. This is the article he was talking about, and the phrase "off-balance sheet" doesn't appear once. And the $9.7 trillion number refers to all money spent, lent, or guaranteed during the financial crisis by the Fed, Treasury, and FDIC. It's also very misleading, because lending $1 billion isn't the same as guaranteeing $1 billion in assets, and $5.7 trillion of that $9.7 trillion is in the form of guarantees. Second, Coleman is the IG of the Board of Governors of the Federal Reserve, not the Reserve Banks. The Fed's various lending facilities are handled by the New York Fed, and Coleman has no authority to audit the New York Fed or any of the other regional Reserve Banks. All the regional Reserve Banks have auditors, and they're all subject to regular external audits as well. Until a few years ago, the Board of Governors conducted examinations of the Reserve Banks in lieu of external audits. But some people thought that was too insular (and I completely agree), so the Board of Governors' examinations were replaced by external audits. Ironically, if there hadn't been concerns about the independence of the Board of Governors' examinations of the Reserve Banks, Coleman might have been able to answer Grayson's questions. Posted by Economics of Contempt at 5:38 PM Speed Racer -------------------------------------------------- Quote Share this post Link to post Share on other sites
Gawain 0 #9 June 6, 2009 Quotethanks, What do you think? Your tax money and no one knows where it's going. It's worse...it's the Fed printing money, with no back-up to the debt, throwing it into circulation and not keeping accountability of where it's distributed. This needs to grow some legs and I guarantee you that if this is dug deeper, it would stick on Bernanke, SecTreas Geithner and Paulson.So I try and I scream and I beg and I sigh Just to prove I'm alive, and it's alright 'Cause tonight there's a way I'll make light of my treacherous life Make light! Quote Share this post Link to post Share on other sites
jerryzflies 0 #10 June 6, 2009 Quote For another view on this: http://economicsofcontempt.blogspot.com/2009/05/grandstanding.html Quote Grandstanding A US Representative "grandstanding"? I find that hard to believeIf you can't fix it with a hammer, the problem's electrical. Quote Share this post Link to post Share on other sites
