Half a trillion
Where did it go?
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In one year (2008), the Federal Reserve increased credit to foreign banks from $24 billion dollars to over half a TRILLION dollars.
Fed Chairman Ben Bernanke seems a little vague on the details.
What banks were the loans made to?
"I don't know."
Well, what countries received the money?
"Europe and other countries."
New Zealand got $3,000 for every man, woman and child.
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