TREASON!
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).
[Alan Grayson:] “What’s that (the $553 billion amount)?”
[Ben Bernanke:] “Those are swaps that were done with foreign central banks. Many foreign banks are short dollars …”
[Alan Grayson:] “So who got the money?”
[Ben Bernanke:] “Financial institutions in Europe and other countries…”
[Alan Grayson:] “Which ones?”
[Ben Bernanke:] “I don’t know.”
[Alan Grayson:] “Half a trillion dollars and you don’t know who got the money?”
[Ben Bernanke:] “Um, um, the loans go to the central banks and they then put them out to their institutions to try to bring down short-term interest rates around the World.”
Bill Posey continues Ron Paul's questioning of Bernanke on inflation and HR 1207. 07/21/2009
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Ahhh Ha Ha Ha.............
Benanke is cracking under the pressure!!!!!
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