Check out this exchange between Federal Reserve Chairman Ben Bernanke and Rep. Alan Grayson (D-FL) about unaccounted-for loans the Fed made:
GRAYSON: So who got the money?
BERNANKE: Financial institutions in Europe and other countries.
GRAYSON: Which ones?
BERNANKE: I don't know.
GRAYSON: Half-a-trillion dollars and you don't know who got the money?
In total, over a trillion dollars are unaccounted for. Reps. Grayson and Ron Paul (R-TX) propose an audit of the Federal Reserve, but Bernanke opposes it.
Hearings to confirm Bernanke to another four-year term are this week. If that offends you, go here to sign a petition to deny him another term.
1 comment:
What a great resource!
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