You have to either laugh or cry.
Take a look at the flowery language they put on the Office of Inspector General's home page:
The Office of Inspector General (OIG) conducts independent and objective audits, inspections, evaluations, investigations, and other reviews related to programs and operations of the Board of Governors of the Federal Reserve System (Board). OIG efforts promote integrity, economy, efficiency, and effectiveness; help prevent and detect fraud, waste, and abuse; and strengthen accountability to the Congress and the public. The OIG’s work assists the Board in managing risk and in achieving its overall mission to foster the stability, integrity, and efficiency of the nation’s monetary, financial, and payment systems so as to promote optimal macroeconomic performance.
Did you see any of that in the video?
We see in the video the jumbled up mess that government mandated central planning causes. The Federal Reserve, the Department of Education, the Department of Housing and Urban Development, the Department of Health and Human Services, and all other government organizations have ZERO incentive to "promote integrity, economy, efficiency, and effectiveness." They can't. They have no profit motive. All government organizations get their funding through coercive means, i.e. taxes. No government organization answers to the market place. If they did they would be forced to operate efficiently or be forced to fail.
We may have a lot of very smart people in high places in Washington DC, but they all seem to have no clue what is going on. It does not take a very smart person to get out of the people's way and let free people and free markets function. The highly educated elitists in DC just can not grasp that.
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