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New Zealand Gets 9 Billion From The Fed

Fri Jan 21 , 2011
This is Congressman Alan Grayson questioning / grilling Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or ‘central liquidity swaps’ in Federal Reserve-ese’). [youtube]n0NYBTkE1yQ[/youtube] Which financial institutions received this money? Bernanke’s answer: I don’t know. As the Fed was lending this money, the dollar increased by 30% […]

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