Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."
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Uploaded on Jul 21, 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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Top Comments
19Mustang71 2 months ago
money OUT OF AMERICA, jobs OUT OF AMERICA, morals OUT OF AMERICA - what is left?
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mykewithayyesay 1 month ago
does anyone else enjoy hearing bernaky tremble? to bad nothing came of this all silly america follow iceland
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All Comments (2,996)
idreesqawiy 8 hours ago
THIS IS SOME BULLSHIT. i NEED 10000 FOR A VAN TO KEEP MY JOB THE BANK NOT GIVING ME NO LOAN BUT THEY GIVING nEW ZELAND HALF A TRILLION. SHIT I ONLY NEED 10000. FUCKIN BS!!!!!!!!!!!!!!!!!!!!!!!
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Gan Teorainn 1 day ago
the global economy?
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ybet1000 1 day ago
The biggest military the world has ever seen
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houmindlessthoughts 1 day ago
What makes you think that this is bad for America?
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recaked 2 days ago
This is so unbelievable, that it seems like a comedy show.
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BoringFuckingCunt 2 days ago
Americans?
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Paul Saliva 3 days ago
and justice for all...
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sondre113 3 days ago
mostly slaves
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sondre113 3 days ago
not just you
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sondre113 3 days ago
no shit xD
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