National Debt Clock
Showing posts with label Ben Bernanke. Show all posts
Showing posts with label Ben Bernanke. Show all posts

Friday, July 31, 2009

Dem Florida Congressman Alan Grayson Grills Ben Bernanke

http://www.youtube.com/watch?v=00ECLxK2YTs

Alan Grayson: "Which Foreigners Got the Fed’s half a trillion dollars? "
Bernanke: "I Don’t Know."
Alan Grayson: "Half a trillion dollars and you don't know who got the money?"

"$9 billion for New Zealand, that works out to $3000 for every single person that lives in New Zealand. Seriously, wouldn't it have been better to extend that kind of credit to Americans and not New Zealanders?"

Alan Grayson: "[The] US dollar nominal exchange rate [table]...shows a 20% increase in the US dollar nominal exchange rate at exactly the same time you were handing out a half trillion dollars. You think that's a coincidence?"
Bernanke: "YES"