Who's watching the Federal Reserve? Not the Inspector General of the Federal Reserve. This video shows a May 5, 2009 hearing where Rep. Alan Grayson asks Elizabeth Coleman, the Federal Reserve Inspector General, about the trillions of dollars lent or spent by the Federal Reserve and where it went, and the trillions of off balance sheet obligations. As you can see, she is clueless and/or full of bullshit. So much for public accountability. It's time for a real investigation of the Federal Reserve.