Wednesday, April 13, 2011

Where did 1/2 of United States Trillion Dollars Go?

Bernanke doesn't know where 1/2 of a Trillion dollars went. The decision was made by a committee and they didn't discuss the money going to the American people. Under what authority was this money given away? Bernanke-"We have a long standing legal authority to do swaps with other banks. It's not an emergency authority of any kind."  It it was a swap, what did we get in return?

One of the arrangements? 9 Billion dollars...U.S. New Zealand. This is approximately $3,000 for every person who lives in New Zealand.

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