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Alan Grayson Which Foreigners Got the Feds 500000000000 Bernanke I Dont Know

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Uploaded by on Sep 25, 2009

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.

As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke's answer: yes.

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  • Doesn't bernanke sound nervous?? or is it just me..

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  • Half a trillion dollars... OUR tax dollars... The sweat off OUR brows... The toil of OUR workers...

    And, we can't fully fund public education. We can't provide fully-funded health care. We can't achieve full employment.

    The Corporate Megalomaniacs are ONLY concerned with increasing their own wealth and consolidating their own political power.

    Time for change.

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