Federal Reserve Inspector General is questioned by Congressmen Alan Grayson "No one is tracking where millions of dollars are being lent".
May 12, 2009 — This is a high quality version of the Financial Services Subcommittee on Oversight and Investigations hearing of May 5, 2009.
Rep. Alan Grayson asks the Federal Reserve Inspector General about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. Inspector General Elizabeth Coleman responds that the IG does not know and is not tracking where this money is.
Federal Reserve Office of the Inspector General: http://www.federalreserve.gov/oig/
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Location: Washington, D.C.
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