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Fed Lends Two Trillion Without Oversight

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?

Tags: Barney Frank, Bernanke, Congress, Economic fed, Foreclosure, Kashkari, Obama, Paulson, acorn project, alan grayson, bailout, billion, crisis, donald kohn, federal reserve, geithner, hearing, money, morrison, oversight, stimulus, tarp, transparency, treasury, trillion
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