Where Did All of the Money Go?
Ed Schultz interviews Florida Rep. Alan Grayson about Congress finally demanding more transparency from the Federal Reserve, and auditing their massive secret bank bailouts. The recently passed legislation will now allow the Government Accountability Office to independently audit the Fed, and their nefarious Wall Street deals. Alan Grayson and Ron Paul co-authored the amendment, which also had a whopping 311 co-sponsors in the house.
“We need to stop giving money to the bad banks, they just eat it, they don’t actually hand it out to people and do anything useful with it. We have to give money to the good banks. The fundamental strategy that has been followed since the Bush Administration to try to recover from this is flawed…the good banks will go and make good loans to people, to businesses, to small businesses in particular, and the economy will recover.”
—Rep. Alan Grayson
About Rhonda Winter
