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Off-Topic Discussion => General Discussion => Topic started by: Goober5000 on May 27, 2009, 05:55:41 pm

Title: Federal Reserve can't account for 9 trillion dollars
Post by: Goober5000 on May 27, 2009, 05:55:41 pm: Watch this video (http://www.wimp.com/reservelosing/), specifically the part at around 3 minutes.

Quote
Senator: So what I'm asking you is, if your agency has extended 9 trillion dollars in credit, which by the way works out to about 30 thousand dollars for every man, woman, and child in the country, I'd like to know, if you're not responsible for investigating that... who is?

Inspector General (complete with deer in the headlights look): no... umm.. well... we... actually... have responsibility for the Federal Reserves programs and operations... audits...to conduct audits and investigations in that area... In terms of who's responsible for investigating... umm... would you mind repeating the question one more time?
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Nuke on May 27, 2009, 08:15:55 pm: this doesnt supprise me at all.
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Scotty on May 27, 2009, 09:09:53 pm: :lol: :lol: :lol:
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: karajorma on May 28, 2009, 01:17:49 am: Must have left it in their other pants. :p
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Rhymes on May 28, 2009, 06:02:45 am: :blah:

:)

:lol:

:wakka:

:yes: :yes: :yes: :yes: :yes:

That is all.
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Dilmah G on May 28, 2009, 07:06:07 am: Quote from: karajorma on May 28, 2009, 01:17:49 am
Must have left it in their other pants. :p
Gold.
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Mongoose on May 28, 2009, 11:03:09 am: Quote from: Dilmah G on May 28, 2009, 07:06:07 am
Quote from: karajorma on May 28, 2009, 01:17:49 am
Must have left it in their other pants. :p
Gold.
Nah, that'd make your pants fall down. Too heavy.
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Dilmah G on May 28, 2009, 11:14:05 am: Tell 50 Cent that. Man wears enough jewelry to rival most women. Besides, I like my Gold Dollar chain :pimp:
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: tinfoil on May 28, 2009, 11:22:09 am: Most women? Are you kidding? That guy's a walking, talking disco ball. If he sold off all his bling he could probably pull the US a few trillion into the green. :p
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Dilmah G on May 28, 2009, 11:25:42 am: Quote from: tinfoil on May 28, 2009, 11:22:09 am
If he sold off all his bling he could probably pull the US a few trillion into the green. :p
Too true. :P
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Mika on May 28, 2009, 02:14:00 pm: The inevitable reply:

(http://www.kimchy.org/wp-content/uploads/2007/06/drevil.jpg)
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: watsisname on May 28, 2009, 08:06:48 pm: lol.jpg/quality
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Mikes on May 29, 2009, 06:07:45 pm: These "off balance sheet" transactions again.

Looks like historically Enron's practices propably won't be considered a fluke, but rather the beginning of a trend lol.
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Scotty on May 29, 2009, 06:13:43 pm: Ugh. These are the kind of things that make me yearn for the return of the Gramm-Rudman-Hollings Act.

O, but for the days of this (http://www.answers.com/topic/gramm-rudman-hollings-deficit-reduction-act). (That is, if it had ever worked to begin with :doubt:. At least they had the right idea.)
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: SpardaSon21 on May 29, 2009, 07:10:13 pm: I should be surprised at the level of ineptitude of the Federal government, yet somehow I aren't. Does that mean I am just too jaded, or does it mean that the Federal government is known for having its left hand not know what the right hand is doing?
Title: Re: Federal Reserve can't account for 9 trillion dollars
Post by: Rick James on May 29, 2009, 07:53:19 pm: Quote from: SpardaSon21 on May 29, 2009, 07:10:13 pm
I should be surprised at the level of ineptitude of the Federal government, yet somehow I aren't. Does that mean I am just too jaded, or does it mean that the Federal government is known for having its left hand not know what the right hand is doing?

You're thinking too broadly. The legs and stomach are paying the palms and wrists to gain access to the fingers when they should have no access at all.

Now I'm going to end this analogy before its tits fall off.