Florida congressman Alan Grayson laughs in Ben Bernanke's face - priceless!

During his questioning of Federal Reserve Chairman Ben Shalom Bernanke before the House Financial Services Committee, U.S. congressman Alan Grayson (D), representing Florida's 8th congressional district (Orlando, Ocala, Eustis), burst out laughing at Bernanke's hubris.
(21 July 2009)

Grayson's questioning focused on the Fed's handouts to FOREIGN central banks in Europe and other countries. These "Central Bank Liquidity Swaps" rose from a total of $24 billion at the end of 2007, to over $553 billion by the end of 2008.

Grayson: "So who got the money?"
Bernanke: "Financial institutions in Europe and other counries."
Grayson: "Which ones?"
Bernanke: "I don't know."
Gryson: "Half a trillion dollars and you don't know who got the money?"

It gets even better.

3:02 -
Grayson: "Well, look at the next page [in Bernanke's written report], the very next page has the U.S. dollar nominal exchange rate, which shows a 20 percent increase in the U.S. dollar nominal exchange rate at exactly the same time that you were handing out half a trillion dollars. You think that's a coincidence?"
Bernanke: "Yes."
Grayson: "hah-hah-hah-hah!"

And really, can Ben Bernanke possibly be so ignorant of the history of the institution that he heads not to know what year the Federal Reserve Act was passed (under very shady circumstances) by the U.S. congress?

Anyone who is interested in the nefarious origins of the Federal Reserve must read the great book by G. Edward Griffin, "The Creature from Jeckyll Island."

You can watch the entire hearing on the C-SPAN web site:
http://c-span.org/Watch/Media/2009/07...
You can contact Rep. Grayson and tell him "thanks" at http://www.youtube.com/user/RepAlanGr...

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Tags: bernamke, fed, florida, grayson, politics
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Comment by Smokescreen on October 1, 2009 at 10:26am: That would be hilarious if they weren't talking about $553 billion.
As it is its just sad.

Comment by Cathy on September 19, 2009 at 11:39am: Bernanke's arrogance is so palpable.
Grayson's laughter says it all.

Comment by MainLineAdrenaline on September 17, 2009 at 10:56pm: God, I want to watch it over again. Its just so funny how Bernake can sit there and lie. I'm sorry sir, but I do think you've broken physical laws. It seems to be true that actual bullshit is spewing profusely from your mouth. Who's gonna clean this one up? Jeez. God, his face gives it away. Even the wealthy can see through his lies. xD Beranke! You've got to stop man! You're killing me! xD