Kucinich: the Federal Reserve is Paying Banks NOT to Make Loans to Struggling Americans!

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U.S. Congressman Dennis Kucinich Democrat Ohio 10th District House Committee On Oversight And Government Reform Neil M. Barofsky Special Inspector General For The Troubled Asset Relief Program SIGTARP Interest Payments Banks TARP Funds Taxpayer Bailout Money Federal Reserve Ben Bernanke Tim Geithner Loans To Struggling Americans Fed Parking Excess Reserves Capital
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  • Added: 23-Jul-09

Tuesday, 21 July 2009 US Congressman Dennis Kucinich (D-Ohio, 10th District) questions Neil M. Barofsky, the Special Inspector General for the Troubled Asset Relief Program (SIGTARP), testifying before the House Committee on Oversight and Government Reform, about interest payments made to banks that keep their TARP funds and other government (taxpayer) bailout money with the Federal Reserve, instead of making loans to struggling Americans (the original intent of the TARP, remember?) The Fed ...

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Kucinich: the Federal Reserve is Paying Banks NOT to Make Loans to Struggling Americans!

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