Wednesday, July 22, 2009
Here's what Congressman Alan Grayson should ask...
It's good that someone in Congress finally is asking Bernanke about the swap lines. (See prior post and video.)
However, Congressman Grayson should ask if any of the money went to foreign automakers. While we were forcing our guys into bankruptcy here, it is quite possible that Toyota, Honda, Citroen-Peugeot, Renault, Fiat, Daimler, Volkswagon and others were getting "loans" from the Fed.
I wrote about it on this blog many times last year.
Read here, here and here.