Which Foreigners got the 1/2 Trillion Bernanke?
Rep Alan Grayson (D) Florida asks the tough questions - question that cause Bernanke to tap dance and lie through his teeth.
Alan to Bernanke: Which Foreigners Got the Fed's $500,000,000,000? A nervous Helicopter man answers back: I Don't Know.
Alan: Who authorized it and under what legal authority? Bernanke: FOMC under long standing legal agreements (BS)
Alan: A 20% increase in nominal dollar exchange rate at exactly the same time you handed out 1/2 trillion to foreigners - a coincidence? Bernanke lying through his teeth after a pause - yes!
Alan: Does FOMC have Constitutional authority to act in such a manner?
Excellent questioning - Rep Alan Grayson should be commended.
Hat tip Izzy