Tuesday, May 12, 2009

A trillion here a trillion there

First a warning. The five minute video at the post below is about a very boring subject and your share of the loot they're talking about is only $30,000, so it may not be worth your time.

I'm not the most careful person in the world about balancing our checkbook; and I'm even less careful about doing anything that can be called budgeting; but it's just a little shocking to find out the the Federal Reserve doesn't regularly balance its multi-trillion dollar checkbook. And it's even more shocking that the Federal Reserve doesn't keep track on who it sends the trillions to and how much it gets paid back.

http://zerohedge.blogspot.com/2009/05/federal-reserve-can-not-account-for-9.html

And, in lighter news: The Wall Street Journal has an interesting article about Italian bicycle racing, which, unsurprisingly, is far more manly and authentic than the sissified French variety.

http://online.wsj.com/article/SB124209602462609577.html#mod%3Darticle-outset-box%26articleTabs%3Dcomments

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