Has the Fed lost a trillion dollars???

The US central bank (the Federal Reserve - the Fed) has printed a trillion extra dollars in 2009 to ease the credit crunch. But who got the money? Well, seems the Fed - or at least some very senior people at the Fed - er - don't know. See this five minute video clip.

There is also the tricky question as to which illegal activities the Fed has engaged in. The Fed's own attorney is (quite understandably) a bit coy on this issue. See this five minute video clip.