Barney Frank has repeatedly promised to bring bank executives in to testify before Congress about what they are doing with taxpayer money from the TARP. So far, no hearings have been publicly scheduled. As lending declines, banks continue to pay bonuses and many in Congress are losing patience.
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?
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