This is a prime example of how the governing body of a private institution empowered by the Federal government without any enforceable oversight operates. How can we allow an organization that can not and will not account for all their investments and transactions? An environment such as that is a breeding ground for corruption, and having their hands in banks all over the world, the corruption spreads all over the world. In this example the FED's Inspector General can not seriously account for off the book transactions that could range upwards of $9 trillion. Obviously these guys do not have a problem with inflation or doing whatever they want to with America's money.
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