Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Video: Federal Reserve Cannot Account for $9 Trillion
Ever wonder why the stock market has surged the past 6 months for no apparent reason?
'The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know.
Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.
"I am shocked to find out that nobody at the Federal Reserve is keeping track of anything," Grayson says.
Like I said... I think the government has a HUGE hand in manipulating the markets... they are throwing cash into the system... nobody seems to believe me.... By throwing cash, they are hoping to improve confidence... and then quietly withdraw at a later time... I can't understand why stocks are up... although my portfolio has improved a lot except for my non-retirement portfolio... coincidence? I don't think so...
Like I said... I think the government has a HUGE hand in manipulating the markets... they are throwing cash into the system... nobody seems to believe me.... By throwing cash, they are hoping to improve confidence... and then quietly withdraw at a later time... I can't understand why stocks are up... although my portfolio has improved a lot except for my non-retirement portfolio... coincidence? I don't think so...
Are you saying that some of that missing 9 trillion has found it's way into the stock market?
Video: Federal Reserve Cannot Account for $9 Trillion
Ever wonder why the stock market has surged the past 6 months for no apparent reason?
'The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.
When Rep. Alan Grayson (D-Orlando) asked Inspector General Elizabeth Coleman of the Federal Reserve some very basic questions about where the trillions of dollars that have come from the Fed's expanded balance sheet, the IG didn't know.
Worse, nobody at the Fed seems to have any idea what the losses on its $2 trillion portfolio really are.
"I am shocked to find out that nobody at the Federal Reserve is keeping track of anything," Grayson says.
Moneynews - Video: Federal Reserve Cannot Account for $9 Trillion (http://moneynews.newsmax.com/financenews/feds_lost_nine_trillion/2009/05/12/213463.html - broken link)
Wow more evidence of the need for Federal Regulation
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
STOP: Audit time
