Sunday, July 26, 2009

Priceless video: Rep. Grayson (D-Florida) grills Bernake on giving out half a trillion in our money to foreign banks

I may not always agree with Freshman Congressman Alan Grayson (D), U.S. Representative, Florida’s 8th District, but you have to love this gutsy grilling of Federal Reserve Chairman Ben Bernanke before the House Financial Services Committee. Bernanke gave a half of a trillion dollars to overseas banks and doesn't know where the money went. Grayson laughs in Bernanke's face when Bernanke denies the money affected the U.S. dollar nominal exchange rate.

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