Fed lends two trillion without oversight

February 1, 2009

ANP: Will Congressman Alan Grayson be able to shed a light on the Fed's secret spending?

So, you know about the Treasury's $700 billion bailout plan. But you probably don't know that the Federal Reserve has lent out about $2 trillion since September. Few do. And that is what's irritating bulldog Congressman Alan Grayson.