Alan Grayson: "Which Foreigners Got the Fed’s $500,000,000,000?" Bernanke: "I Don’t Know."
This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or ‘central liquidity swaps’ in Federal Reserve-ese’). Which financial institutions received this money? Bernanke’s answer: I don’t know. …
love Grayson. and also love half a trillion dollars given away.