Today's entry, gentle readers, makes one want to shake one's head. The Wizard was forwarded a link in his email from one of his friends which led to a YouTube video of Federal Reserve Inspector General Elizabeth Coleman answering questions from Florida Democrat congressman Alan Grayson. I don't surf the Internet too much looking at sites like the Daily Kos, but their post was as good as any on the subject.
The inspector general tasked with overseeing and auditing the Federal Reserve knows pretty much nothing about what the Fed is doing. That's the conclusion that comes from watching the exchange Tuesday between Rep. Alan Grayson (D-Fla.) and inspector general Elizabeth A. Coleman.
Narrolibertas is similarly outraged. Bloomberg News reported back in February that the taxpayers are on the hook for bailing out the financial sector in this crisis for $9.7 trillion dollars!
The Houston Area Liberty Campaign has been calling for a thorough auditing of the Federal Reserve, perhaps by Congress. Narrolibertas suggests calling your Congressman.
The Wizard has long believed that, contrary to making responsible decisions, government - for the most part - aids and abets the abrogation of responsibility. And so it goes.
Wizard
Posted by The Mighty Wizard at May 13, 2009 08:41 AM