“Although the credibility of the Fed has been questioned for years in some quarters, the first major crack in the wall took place in May, 2009, when Elizabeth Coleman, inspector general of the Federal Reserve, was directly and repeatedly questioned about the Fed’s actions by Rep. Alan Grayson (D-Fla.). Coleman’s inability to articulate any kind of explanation to Grayson’s persistent probing has been viewed more than a million times on YouTube and ended with Grayson’s acid conclusion: “I am shocked to find out that nobody at the Federal Reserve is keeping track of anything!”” Read more.

The Fed: Defending the Indefensible
Bob Adlemann
New American, November 23, 2010.

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