Deficits, Dollar, Federal Reserve

¿Dónde Está el $500,000,000,000? Hell if Bernanke Knows

Alan Grayson asks Ben Bernanke why the Federal Reserve’s balance sheet shows that central bank liquidity swaps went from $24 billion at the end of 2007 to $553 billion by the end of 2008 including $9 billion to New Zealand (or $3000 for every man, woman and child there). The obvious question; where did that money go?

Benernake’s answer: “I don’t know.”


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