These guys should go to jail...in my previous post of Alan Grayson's questioning of the Attorney for the Fed...he claimed that the increase on the Fed stated balance sheet (this does not refer or count the 14+ trillion off balance sheet increase that the fed is hiding) of 1 trillion dollars or so was based on open market transactions for agency and other securities. In this video, the fed states with high degrees of confidence that these transactions were loans and other transactions.
This guy can not get straight did they spend the money or lend it? And the General Counsel for the Fed thinks they did open market transactions and so they do not know who the counterparty was.
This is a total FRAUD...what do you think they did with the money. I think they gave it to their buddies.
2 hours ago
