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The Fed Grants $7.77 Trillion in Secret Bank Loan: Now Do You Understand Occupy Wall Street?

Congressman Dennis Kucinich (D-OH), a longtime advocate for reform of the Federal Reserve, is sharply criticizing the Federal Reserve today after Bloomberg news reported that the Federal Reserve secretly committed nearly $8 trillion in support to American and international financial institutions during the 2008 bailout. Kucinich recorded a video for his website before going to the floor of the House of Representatives to call upon Congress to reclaim its Constitution primacy over monetary policy.

http://kucinich.house.gov/UploadedFiles/NEED_ACT.pdf

Economics   Politics
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