Congressman Alan Grayson

Inspired by Sarah Palin, stay-at-home mom, Patricia Sullivan, has decided to run against Congressman Alan Grayson in Florida.

“Who is going to stand up and fight?”

This is Congressman Alan Grayson questioning Federal Reserve Chairman Ben Bernanke on $550B of loans to foreigners (or ‘central liquidity swaps’ in Federal Reserve-ese’).

Which financial institutions received this money? Bernanke’s answer: I don’t know.

As the Fed was lending this money, the dollar increased by 30% in value. Grayson asks, was this a coincidence? Bernanke’s answer: yes.