www.youtube.com www.thenewscache.com Please rate and subscribe Sen. Bernie Sanders questions Federal Reserve Chairman Ben Bernanke during a Senate Budget Committee hearing. Sanders asks to know who received almost $2.3 trillion in taxpayer loans from the Fed. Bernanke flatly refuses to answer.
Bernanke
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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