If you enjoyed the clip from my July 23 post depicting Rep Grayson (D) excoriating Fed Chairman Bernanke, then you will certainly revel in his skewering of Fed Inspector General Elizabeth Coleman:
http://www.youtube.com/watch?v=cJqM2tFOxLQ
The clip is self-explanatory, but in short, the individual with the responsibility for internally auditing the Fed has no clue who received $1,200,000,000,000 in recent Fed loans, nor does she have the slightest idea how another $9,000,000,000,000 in off-balance sheet transactions in the last eight months came to be. The supreme incompetence on display at our nation's central bank should be frightening at best, and worthy of vigorous investigation at the very least.
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