“Who’s Minding the Store at the Federal Reserve?” asks David Bernstein at The Volokh Conspiracy, presenting a video of the Fed’s “inspector general” knowing nothing from nothing about the whereabouts of three big ones (these days, trillions). 

(Go here for the video, which would allow itself to be embedded yesterday but not today.  YouTube has its reasons, to be sure.)

The video has almost a million hits, notes Bernstein, who calls it “pretty shocking stuff” in that “the Fed is lending trillions . . . with apparently no oversight, even internally.”

It’s not their money, yes, but you’d think they’d give a care.

The congressional interrogator, Alan Grayson, is a Florida Dem, for what that’s worth.

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Later: Reader email notes the personal performance of the testifier, judging hers as a difficult position — too much power!  But the matter is institutional, not personal, as is clergy abuse, to pick one example, in which abusers are less the issue than coverups by prelates and apparatchiks — once endemic, now less so, thanks to media and other pressure.  Governmental institutions are what look bad here, specifically the Fed, and the question is asked in effect, Would you buy a used car from that dealer?