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The Fed Under Fire

November 16, 2011
American News Project

The Federal Reserve is one of the most powerful and secretive institutions in Washington, long considered beyond the reach of lawmakers. But now, as details emerge of how the Fed secretly doled out more than a trillion dollars during the financial crisis, a rare bipartisan movement in Congress demands that the Fed be held accountable.

One Comment leave one →
  1. olde reb permalink
    November 16, 2011 12:24 pm

    Wonder if Congress will ask about the $8.4 trillion handled by the FRBNY from the Treasury auctions of 2010. Every dollar of inflation was a dollar of hidden profit for the Fed. All profit of the Fed belongs to the government. Hiding money that belongs to the government is a crime. Ref. RIP OFF BY THE FED,

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