by Deb Cupples | Less than a year ago, Congress -- at the urging of ex-President Bush (and ex-Goldman Sachs CEO/ex-Treasury Secretary Hank Paulson) -- voted to funnel $700 billion to the same executives who drove our nation's financial system (and economy) into a deeeep ditch.
Tuesday, during a House Financial Services Committee hearing featuring Federal Reserve Chairman Ben Bernanke, Congressman Alan Grayson (Orlando) put a bright spotlight on an issue of which I'd been unaware: that federal officials had lent $500 billion (yes, half a trillion) to foreign banks -- without first getting Congress's approval.
Mr. Bernanke didn't do a very good job of answering the questions that Congressman Grayson had asked. My niece and I were at the hearing but had to leave before Congressman Grayson's turn to grill the Fed chairman. Thank God for YouTube.
The clip below is only 5 minutes and well worth watching. It exemplifies yet again why all voters (regardless of party affilliation) should be happy that Alan Grayson is in Congress.
After the jump, there's a video of Grayson grilling Citigroup CEO Vikram Pandit back in February -- again, well worth watching.
Grayson grills CEO Pandit:
Obviously, I'm a Grayson fan. To see why, check out this collection of YouTube video clips of Grayson doing what congressmen are supposed to do: researching the issues, looking out for us taxpayers' interests, and exercising executive-branch oversight.