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.


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.


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