The Home Of The Bruce Collins Show

Tuesday, May 12, 2009

Federal Reserve Cannot Account for $9 Trillion

The Federal Reserve apparently can't account for $9 trillion in off-balance sheet transactions.

We have different connotations,” Coleman replied. “We’re actually conducting a fairly high-level review of the various lending facilities collectively.”

Translation: Nobody at the Fed knows where the money went. (Bruce: So they say...)

http://moneynews.newsmax.com/financenews/feds_lost_nine_trillion/2009/05/12/213463.html

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