Author Topic: Federal Reserve can't account for 9 trillion dollars  (Read 2839 times)

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Offline Goober5000

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Federal Reserve can't account for 9 trillion dollars
Watch this video, 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?

 

Offline Nuke

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Re: Federal Reserve can't account for 9 trillion dollars
this doesnt supprise me at all.
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Offline Scotty

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Re: Federal Reserve can't account for 9 trillion dollars
 :lol: :lol: :lol:

 

Offline karajorma

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Re: Federal Reserve can't account for 9 trillion dollars
Must have left it in their other pants. :p
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Offline Rhymes

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Re: Federal Reserve can't account for 9 trillion dollars
 :blah:

:)

:lol:

:wakka:

 :yes: :yes: :yes: :yes: :yes:

That is all.
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Offline Dilmah G

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Re: Federal Reserve can't account for 9 trillion dollars
Must have left it in their other pants. :p
Gold.

 

Offline Mongoose

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Re: Federal Reserve can't account for 9 trillion dollars
Must have left it in their other pants. :p
Gold.
Nah, that'd make your pants fall down.  Too heavy.

 

Offline Dilmah G

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Re: Federal Reserve can't account for 9 trillion dollars
Tell 50 Cent that. Man wears enough jewelry to rival most women. Besides, I like my Gold Dollar chain  :pimp:

 

Offline tinfoil

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Re: Federal Reserve can't account for 9 trillion dollars
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
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Offline Dilmah G

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Re: Federal Reserve can't account for 9 trillion dollars
If he sold off all his bling he could probably pull the US a few trillion into the green. :p
Too true. :P

 

Offline Mika

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Re: Federal Reserve can't account for 9 trillion dollars
The inevitable reply:

Relaxed movement is always more effective than forced movement.

 

Offline watsisname

Re: Federal Reserve can't account for 9 trillion dollars
lol.jpg/quality
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Offline Mikes

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Re: Federal Reserve can't account for 9 trillion dollars
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.

 

Offline Scotty

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Re: Federal Reserve can't account for 9 trillion dollars
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.  (That is, if it had ever worked to begin with :doubt:.  At least they had the right idea.)

 
Re: Federal Reserve can't account for 9 trillion dollars
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?
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Offline Rick James

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Re: Federal Reserve can't account for 9 trillion dollars
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.

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