alan grayson on currency swaps w foreign banks

[lester1/2jr]

YouTube - Rep. Alan Grayson Reigns In the Fed's Unlimited Lending to Foreign Banks (http://www.youtube.com/watch?v=tfPAnAllAFE&feature=player_emb)


2:00 half a trillion dollars and you don't know who got the money?

[angelatc]

I'm still not convinced he understands how currency swaps work.

The comments on that video are pretty good. There's a guy there doing a bang-up job of defending the Fed.