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

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

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.