The Federal Reserve’s Inspector General Hasn’t Inspected a Thing

Friday, July 10, 2009
Posted in category Federal Reserve

The Inspector General for the Fed’s Board of Governors, Elizabeth A. Coleman, explains her role at the Fed, and what she has done, as congressman Alan Grayson questions her. Kudos to a Democrat for keeping on the subject of “what has the Fed done with the money?” Salon’s Glenn Greenwald interviewed him on this back in January. Grayson has many statist faults, but we’ll take his occasional troublemaking with the Fed. By the way, Coleman’s background is government, government, and more government. She went from the Government Accountability Office to the OIG (Office of Inspector General). She also attended the Federal Reserve System’s Trailblazers Leadership Conference. That explains her career.

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3 Responses to The Federal Reserve’s Inspector General Hasn’t Inspected a Thing

  1. James Pruitt says:

    July 10th, 2009 at 12:00 pm

    Bureaucratic backpedaling at it’s best! The ol’ Potomac two-step.

    Love when the leeches squirm!

  2. Bruce says:

    July 10th, 2009 at 7:53 pm

    No Surprise.
    I’ve watched tons of YouTube videos featuring congressional hearings concerning the Fed and other agencies.

    It is fairly typical for the agency head to express shock or complete ignorance about the bodies they are charged with overseeing. They rarely have the data at their fingertips and always promise to ‘look into that matter”.

    In this video, notice how the staffer keeps whispering to Coleman how to respond. You get the feeling the agency head is not really working for the public interest but rather for the agency’s OWN interest.

    She is more concerned with protecting herself and making the agency look good. On her best days, this is probably all she’s capable of.

  3. S. O'Brien says:

    July 13th, 2009 at 1:46 am

    Does she know where her desk is? What she had for breakfast? I bet she knows where her bank is to cash that paycheck.

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