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Must See: Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know."

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July 22, 2009 – Comments (3) | RELATED TICKERS: GS , JPM , C

This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners.

FYI - 

3 Comments – Post Your Own

#1) On July 22, 2009 at 9:18 PM, russiangambit (29.30) wrote:

Bernanke looks ready to snap.

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#2) On July 23, 2009 at 12:06 AM, dbjella (< 20) wrote:

Wow!  Why don't we have the Fed Reserve shore up health care...jeez.  

I can just imagine these phone call.  

Foreign Central Bank: US Fed Reserve can you loan me a 1/2 trillion?  

US Fed Reserve: Sure, let me get out my checkbook and write you a check...there you go.  Hey, someday can you pay us back?

Foreign Central Bank: Sure just let me know I got my checkbook right here.  But you know you can always write more checks yourselves... right?

US Fed Reserve:  Oh yeah, there are lots of checks in here.  You guys are so smart.  Ok then, don't worry about paying us back.  PHONE CALL ENDS

Bernanke: Guys, you need to start writing the check #'s and amounts in the register I can't make heads or tails of this. 

 

 

 

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#3) On July 23, 2009 at 10:42 AM, kdakota630 (29.66) wrote:

What kills me is people who can't figure out where TRILLIONS of dollars are going don't want the Fed to be accountable to anyone.

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