Fed admits losing 9 trillion

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dlsife's picture
dlsife
Status: Member (Offline)
Joined: Jul 6 2008
Posts: 5
Fed admits losing 9 trillion

Apologies if this has been posted already.

www.wimp.com/reservelosing/

investorzzo's picture
investorzzo
Status: Diamond Member (Offline)
Joined: Nov 7 2008
Posts: 1182
Re: Fed admits losing 9 trillion

Looks like they put the right person in the job. What a complete moron!  Your tax dollars at work.........

Ken C's picture
Ken C
Status: Platinum Member (Offline)
Joined: Feb 13 2009
Posts: 753
Re: Fed admits losing 9 trillion

Yep this was already posted here"

http://www.peakprosperity.com/blog/daily-digest-may-9/18465

Still it is frightening to know that this person is watching the FED for us.

Ken

Davos's picture
Davos
Status: Diamond Member (Offline)
Joined: Sep 17 2008
Posts: 3620
Re: Fed admits losing 9 trillion

 One thing I found interesting was a few days after that hit the interenet Peter Schiff was interviewed and said that Alan Grayson was one of his clients who invested with Shciff.

Like Ron Paul, I have a tremendous respect for Grayson - even if he dresses like some folks I used to know in NY.

RayTomes's picture
RayTomes
Status: Bronze Member (Offline)
Joined: May 20 2009
Posts: 67
Re: Fed admits losing 9 trillion
kenc wrote:

Yep this was already posted here"

http://www.peakprosperity.com/blog/daily-digest-may-9/18465

Still it is frightening to know that this person is watching the FED for us.

Ken

It seems to be standard policy now to just pretend that you are completely incompetent while the real action is happening off camera.

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
Joined: Aug 10 2008
Posts: 1995
Re: Fed admits losing 9 trillion

RayTomes said:   It seems to be standard policy now to just pretend that you are completely incompetent while the real action is happening off camera.

Agreed, when caught, it is preferred to submit one's self to incompetence rather than to be charged as a criminal.

Hmmmm....$9 trillion dollar loss....  The issue is not that we are being looted; the issue is will we allow it to continue...

Larry

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