Content by Issue > Economy > Federal Reserve's Inspector General (Coleman) has no idea where $9 trillion in off-balance-sheet transactions have gone
Federal Reserve's Inspector General (Coleman) has no idea where $9 trillion in off-balance-sheet transactions have gone

The Inspector General for the Federal Reserve (Coleman) has absolutely no idea where $9 trillion in off-balance-sheet transactions have gone! In addition, the Federal Reserve has conducted no investigation of Federal Reserve losses experienced since September 08! And nobody at the Federal Reserve is keeping track of the losses being incurred on what is now a $2 Trillion portfolio! Don't believe it? Listen to the Inspector General herself!

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