naked capitalism: Federal Reserve Inspector General Unable to Answer Basic Questions on Where the Trillions Went

The oversight of the fed is severely lacking. It is outrageous that they can have taken on Trillions of non treasury related securities but either don't know or won't tell on their current status.

naked capitalism: Federal Reserve Inspector General Unable to Answer Basic Questions on Where the Trillions Went: "Federal Reserve Inspector General Unable to Answer Basic Questions on Where the Trillions Went
Rep. Alan Grayson asks Inspector General Coleman of the Federal Reserve some very basic questions of about various Fed programs and activities and gets nowhere. And the worse is that the IG isn't stonewalling, but instead is clearly completely clueless. Watching the video, you get the impression that Coleman can't name a program beyond the TALF.

But there is a possibly more important issue at stake. The interview is with the Inspector General of the Federal Reserve Board of Governors. The programs are actually at the Federal Reserve Bank of New York. For reasons I cannot fathom, the Board of Governors is subject to Freedom of Information Act requests, while the Fed of New York has been able to rebuff them."