Kudos To A Democrat!

I don’t do this often but I am sending out Kudos to a Democrat Congressman. His name is Alan Grayson (D-Fl).

In May of this year he was questioning they Inspector General of the Federal Reserve, Elizabeth Coleman and asked her where the Trillions were going and how they were being spent. Her answer was that she didn’t know and was not investigating it.

So he asked about the Fed’s expansion of its own “balance sheet” by more than a Trillion dollars. She said she had not reached any conclusions as to why it has happened and has no idea who got the money.

Grayson then asked about the “off balance sheet” transactions totaling into the trillions guaranteeing Citigroup and BoA and AGAIN Ms Coleman had no idea.

Grayson was appropriately shocked to find out that no one was keeping track of these HUGE loans and guarantees. He is audibly flabbergasted. You can watch this HERE

So, KUDOS go to you, Congressman Grayson. Keep up the good work! I wish more of your colleagues on EITHER side of the aisle would ask more questions like that. Now you and everyone else in Congress need to take it a step farther and DEMAND answers on these things.