Fed Lends Two Trillion Without Oversight

By  Danielle Ivory on Jan 30, 2009

514 Comments

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. Will he be able to shed a light on the Fed's secret spending?

Follow Danielle's reporting on twitter.