Fed Lends Two Trillion Without Oversight

by matttbastard

American News Project:

So, you know about the Treasury’s $700 billion bailout plan. But you probably don’t know that the Federal Reserve has lent out $2 trillion since September. Few do. And that is what’s irritating bulldog Congressman Alan Grayson. Will he be able to shed a light on the Fed’s secret spending?

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2 thoughts on “Fed Lends Two Trillion Without Oversight

  1. It’s very interesting to hear the numerous explanations of why we should spend as much money as we are on stimulus. I’m not taking sides either way since I stick with economic news but how many of us can wrap our brains around “trillion?” On my site, I wrote an article explaining what the fed is and how it works. If your readers are unclear of how it works, I would invite them to stop by.

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