Thursday, 7 May 2009
So many questions, so few answers....
The Inspector General of the Federal Reserve goes up to the Congress to answer a few questions about the recent conduct of America's central bank.
It was painful stuff watching the poor inspector struggle to deal with some very basic questions from a congressman.
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The lady was a little out of her depth.
Major blink rate from the Inspector General...
...shocking, just simply shocking.
The real question is: are they incompetent, or lying about how bad the situation is. I feel the latter.
Useless, pathetic bitch.
She: "That is correct."
He: "So, I am asking you if your agency has in fact according to Bloomberg, extended nine trillion dollars in credit, which by the way works out to thirty thousand dollars for every single man woman and child in this country, I'd like to know, if you're not responsible for investigating that, who is?"
SHE: "We actually, we have responsibility for the Federal Reserve programs and operations audits, to conduct audits and investigations in that area. Umm, .. in terms of who's responsible for investigating ... Would you mind repeating the question one more time?"
Which it seem to me is not only a pathetic non answer, but the wrong answer.
If she had some 'balls' she would have looked him in the eye and said, "That would be Congress, congressman."
She must be screwing Bernanke. Only explanation for her having that job.
How the hell did she make it through the interview process to get the job?
Next job for her.....Goldman Sachs. This Congressman has it correct, who was he? I want to send a donation to his campaign and help get him re-elected.
That must be why Yanks like to say "Good enough for government work".
She must be related to Gordon Brown somewhere back in time....
This woman is clearly not involved in decision making at the Fed.
The Fed should be nationalized and become a government department - then at least we would know who to question - the elected government.
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