Wednesday, March 11, 2009

Chairman of the Federal Reserve Bank, Ben Bernanke

...says it’s none of our business where your $500 billion went, it's private. I’m afraid the Fed doesn’t want us to know. If they overpaid me $78 billion, they would be on me like the Justice Department on Bernie Madoff.

Why is the entire Congress not outraged that only a handful of men know the whereabouts of $500 billion dollars or did it just disappear? Is the Federal Reserve System above the law or just the US Congress?

A few politicans may make some noise, but I can't see Congress force the Fed to dislose the recipients. If we followed the money too far overseas, scandal could occur. Heaven forbid another scandal in Washington!

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