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| User Info | Fed Oversight: Intentionally Absent? in forum [Ticker] | |||
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Genesis Posts: 71367 Incept: 2007-06-26 
KD^2 
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http://market-ticker.org/archives/1031-F....
---------- "The monetary base in ALL modern monetary systems is the sum of unencumbered assets against which one is both WILLING AND ABLE to borrow." - Me
2009-05-11 14:18:03
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Bigcat Posts: 1523 Incept: 2008-09-10 
Nice, France
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This man is on to something big. I suggest a Ron Paul - style money bomb.
---------- "When the goal shifts to simple survival for the Fed their goals will change drastically and their strategy will adjust accordingly...Like Congress, the Fed will throw its "allies" under the bus when they become a political liability. Look at Mozillo now! " Sushihorn, 07/09
2009-05-11 14:25:18
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Gen_maximus57 Posts: 2263 Incept: 2007-09-03 
Miami
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OMFG - That is the most appalling video I've ever seen J6P might begin to understand but I'm sick of the $30,000 for every man, women and child, I say it's more like $100,000 for every person that pays income tax. Lets set the record straight on that... ---------- Whenever destroyers appear among men, they start by destroying money, for money is men's protection and the base of a moral existence. Destroyers seize gold and leave to its owners a counterfeit pile of paper. Last modified:
2009-05-11 14:28:31 by gen_maximus57
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Boshaugh Posts: 1886 Incept: 2008-08-08
Northern Virginia/DC Metro Area Online
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i've said this before - until you have lived in the DC area you have no idea how clueless and incompetent and lazy most government workers are. they literally cant be fired and are paid based on seniority. its basically high class welfare. this chick really may be that stupid. but its possible she was put into that position because she is that stupid.
2009-05-11 14:29:02
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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Excellent Ticker. But here is the problem without naming names. Congress is hopeless. The highest profile names really don't understand what is happening. Trust me, they don't. Anyone can comb through hours of video and MAYBE come up with a few names that seem to get it. But out of 535, I don't even think it is 53 that get it. But they were elected and their constituents are suffering the results.
---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-05-11 14:33:20
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Emb145 Posts: 8705 Incept: 2007-08-25
Near saltwater
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Alan Grayson is my congressman. Florida's 8th. Newbie on the Hill so we don't know much about him, BUT from what I have seen/heard, he's nobody's fool. Very, very sharp. Both his parents were public school teachers. No silver spoon bonus baby. Call/fax/email his office even if he ain't your guy. He needs our support.
2009-05-11 14:34:20
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Randy123 Posts: 2001 Incept: 2008-09-24 New Jersey
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Inept. Inept is the word you are looking for. Absent is too kind.
---------- Mliu is my hero. Captain melamine.
2009-05-11 14:34:22
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Ribeye Posts: 22 Incept: 2008-05-04
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Rick Santelli recommended this on cnbc to watch this vid youtube around 2:15 eastern - wonder if he saw on this site or if Karl poss got from him ..
2009-05-11 14:36:36
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Lms Posts: 167 Incept: 2008-09-30
Punching Bernanke in the face
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What a disgrace. No oversight at all. Of course the Fed isn't keeping track of their losses, that would involve mark to market accounting.
2009-05-11 14:42:51
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Bigcat Posts: 1523 Incept: 2008-09-10
Nice, France
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from WikipediaQuote:On May 5, 2009, in a Financial Services Committee question and answer session with Inspector General of the Federal Reserve Elizabeth A. Coleman, Grayson asked about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. The Inspector General responded that she does not know and is not tracking where this money is. The exchange was posted on YouTube, receiving over 77,000 views in the first few days after posting. This man deserves an award for Patriotism! Phone: 407-841-1757 Fax: 407-841-1754 Email: alangrayson@graysonforcongress.com ---------- "When the goal shifts to simple survival for the Fed their goals will change drastically and their strategy will adjust accordingly...Like Congress, the Fed will throw its "allies" under the bus when they become a political liability. Look at Mozillo now! " Sushihorn, 07/09
2009-05-11 14:44:32
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Angel61 Posts: 602 Incept: 2008-10-13
Texas
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emailed, thanked and saluted Thanks for address, Bigcat. ---------- Breathe deep, the gathering gloom...
2009-05-11 14:51:48
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Seedyrum Posts: 267 Incept: 2009-04-09
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I think there is a deliberate attempt not to do "due deligence"> why I dont know>> perhaps if they say they dont know is better to look and sound stupid than to know and have to do something about what they found out> unless they themselves are being blackmailed or fed at the trough> as in investigating their own behavior or lack of behavior> perhaps they are arrogant> even if they dont do their job they wont get fired ( as in too important to fail) the citizens of this country have been too lax or apathetic> or just plain dont care> they will care when there is little to care about>
2009-05-11 14:55:01
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Samadams Posts: 357 Incept: 2008-12-03
San Antonio, TX
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Excellent ticker, as is by now expected of you Karl. However, none of this crap is going to get fixed short of a scaled-up version of this: http://www.jpfo.org/filegen-a-m/athens.h.... Just so that the folks who work for lettered agencies of the government don't get too upset: I am NOT planning on starting such, NOR am I advising anyone to do so. No, in fact, I am ONLY advising people to obey the law - and if they don't like the law, or the manner in which it is being implemented, to peacefully use their right to voice their complaints and, if those complaints are not answered to any particular person's satisfaction then they should vote for someone in the next election whom they believe will do things the right way. Still, I am **almost** (though not quite) at the point where I wouldn't be too upset at such a thing starting, knowing that it would finish up largely the same way. Last modified:
2009-05-11 14:57:50 by samadams
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Karlmarxghost Posts: 2633 Incept: 2009-01-26
Stealing Your Property
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And this is what I'm referring to when I tell people who swear up and down the FED is audited and I tell them the FED is NOT audited. This lady is a moron and obviously has no clue what she is doing or talking about. True oversight is limited on the FED because of the Federal Reserve Act. We either have to amend it like HR1207 or we have to kick the FED because this is ridiculous.
---------- My views are my view and mine alone. Karl or ticker forum does not endorse or necessarily agree with my views. DO not trade on my views or take them personally.
2009-05-11 14:57:31
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Scrood Posts: 1999 Incept: 2008-05-17
Green Shoots! Online
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Elizabeth A. Coleman Elizabeth A. Coleman was appointed Inspector General for the Board effective May 6, 2007. In this role, Ms. Coleman leads a staff responsible for promoting economy, efficiency,and effectiveness within Board programs and operations. The Office of Inspector General (OIG) is also responsible for preventing and detecting waste, fraud, and abuse at the Board, among other duties. The OIG achieves its legislative mandate through audits, evaluations, investigations, legislative reviews, and by keeping the Chairman of the Board and Congress fully informed. Ms. Coleman joined the Board's OIG in 1989 as a senior auditor. She was promoted to program manager in 1999 and to senior program manager in 2001. She was appointed to the official staff in 2004, as the Assistant Inspector General for Communications and Quality Assurance. Over the last eight years, Ms. Coleman has worked closely with the Executive Council on Integrity and Efficiency, a professional organization of about thirty statutory Inspectors General who are appointed by their agency heads in certain designated federal entities, including the Board. Prior to joining the Board's staff, she was employed by the Government Accountability Office. Ms. Coleman has a BBA from James Madison University and is a graduate of the Stonier Graduate School of Banking, Georgetown University. She also attended the Federal Reserve System’s Trailblazers Leadership Conference. Ms. Coleman is a Certified Information Systems Auditor. ---------- When the **** hits the fan I'll be sitting on the can When the whip comes down
2009-05-11 15:05:24
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Sandor Posts: 1001 Incept: 2007-08-08
Deltaville,Virginia Online
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I have read ever ticker Karl wrote since he started the Tickerforum. I must say, that was one disturbing vid. Jeezus, we are so ****ed. Being robbed blind before our eyes. Nobody knows what to do! That women would have been fired immediately after that testimony. These ****ing clueless ass idiots are being put in these positions for a reason! There really is no way out.
2009-05-11 15:05:32
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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It is a great video, if only because her FIRST verbage is "umm" (a non-word) at the 0:20 mark, then she tosses in a "you know" within seconds. After that, she has to try and make it up ad-lib without a script. Classic stuff.
---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-05-11 15:07:22
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Stonedog Posts: 1105 Incept: 2008-05-29
New Jersey
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Is anyone else getting only the sound of static from the video?
---------- "F**k CNBS, CONgress, Obama, the Democrats, the Republicans, the ratings agencies, the Banksters, the Fed, the FASB, all the government regulatory agencies, the Trilateral Commission, the Council of Foreign Relations, the G whatever, the UN, and any other bastard or big corporate interest that has a fingerprint on this
2009-05-11 15:10:20
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Captbill Posts: 485 Incept: 2008-07-22
Arizona's West Coast
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A stunning video--thanks for posting it. With all those dollars involved and no accountability I am equally stunned that this country/economy continues to hop along and that it hasn't defaulted (or other economic crash) by now.
2009-05-11 15:12:00
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Biscuits Posts: 17 Incept: 2008-12-03 IL
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I've been encouraging people to check if their representatives are co-sponsoring the HR1207, the Federal Reserve Transparency Act introduced by Ron Paul. Even the HuffPo liberals didn't shoot down the suggestion like they usually do with anything that has the slightest whiff of Republicanism (one person simply noted it was Ron Paul's bill, but didn't elaborate on why that is a good or bad thing). The bill is a step in the right direction, but will probably die in committee if Barney Frank has anything to say about it. http://www.ronpaul.com/on-the-issues/aud....
2009-05-11 15:12:01
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Lastchance Posts: 1132 Incept: 2008-11-19 Las Vegas
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Okay, I am going to say it and hope it doesn't upset too many folks. The woman in this video could possibly qualify as a so-called AIRHEAD because after watching the video twice, I don't think she said anything of substance. To me, that is an AIRHEAD.
---------- "We don't quit. I don't quit" President Obama 1/27/10 Man, I would to have him in one of our poker games.
2009-05-11 15:14:24
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Scrood Posts: 1999 Incept: 2008-05-17
Green Shoots! Online
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OIG Hotline Report Fraud, Waste and Abuse: The Office of Inspector General conducts criminal and administrative investigations related to the Federal Reserve Board’s programs and operations. To report alleged violations of law, rules, or regulations; employee misconduct; waste of funds; theft; fraud; abuse of authority; or danger to public health and safety involving the Federal Reserve Board, contact us through our Hotline by phone, mail, email or facsimile By Mail Address: Board of Governors of the Federal Reserve System 20th and C Streets N.W., Mail Stop 300 Washington, D.C. 20551 Attention: OIG Hotline By Email: OIGHotline@frb.gov By Phone: 1(800) 827-3340 (toll free) 1(202) 452-6400 (DC local) By Facsimile: 1(202) 973-5044 (DC local) Confidentiality: The IG Act provides that the OIG will not disclose the identity of employees who come forward with information without the consent of that individual, unless the IG determines that such disclosure is unavoidable during the course of an investigation. Furthermore, the IG Act protects employees from reprisals or retaliation for having reported a complaint or disclosing information to the OIG. Anonymous Complaints: However, investigations are generally more effective if the person making the complaint is available to provide information and documents upon request. As stated above, all contacts with the hotline are considered confidential. Nonetheless, if you would like to make an anonymous complaint, please mail your complaint to the address above or leave a detailed message on the OIG hotline number. (Your telephone number will be unavailable to OIG staff.) Paying IG Coleman a salary might qualify as waste, eh? Maybe she should be reclassified as Inspector Private First Class or would that be too high of rank? ---------- When the **** hits the fan I'll be sitting on the can When the whip comes down Last modified:
2009-05-11 15:18:25 by scrood
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Impetunomics Posts: 421 Incept: 2009-04-08 Houston, TX
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Biscuits: FYI Barney frank spoke out in support of HR1207 Something to keep in mind. http://www.youtube.com/watch?v=pTsB_jkaI.... (If I could figure out how to embed here I would, last time it didnt work so well) ---------- At best. Last modified:
2009-05-11 15:36:10 by impetunomics
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Capeman Posts: 2169 Incept: 2007-07-12
San Diego
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That video made me sick!
---------- "I believe all God's creatures have a soul... except bears, bears are Godless killing machines!" - Steven Colbert
2009-05-11 15:21:38
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Brewmaster Posts: 14 Incept: 2008-09-08 California
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We're Screwed!!
2009-05-11 15:23:17
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