Alan Grayson: Which Foreigners Got the Fed's $500,000,000,000? Bernanke: I Don't Know.BackThis 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. As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer: yes. Category: News Uploaded: July 21st, 2009 @ 5:47 pm Author: RepAlanGrayson Length: 05:12 Rating: Views: Tags: alan grayson ben bernanke federal reserve barney frank dollar Related Video Links:» View Video Comments For Alan Grayson: Which Foreigners Got the Fed's $500,000,000,000? Bernanke: I Don't Know. » View RepAlanGrayson's Other Uploaded Videos Video Thumbnails:Video Embedding Code:* Embed this video on your website, social bookmark, myspace, or blog. |
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