Congressman Grayson Grills Fed Vice Chair Over $1.2 Trillion Slush Fund
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If I understand this correctly, the FDIC's balance sheet ballooned by $1.2 trillion since last September, but no one knows where this money has gone except Fed officials like Fed Vice Chair Donald Kohn. I guess that's why it's crucial to have someone like Rep. Alan Grayson (D-FL)--seen here putting Kohn's feet to fire--on the House Financial Services Committee. I've been a fan of Grayson's for a while, mainly for his admirable work prosecuting Iraq war profiteers. Good to see him in Congress holding crooks like Kohn accountable.
ZP Heller is the editorial director of Brave New Films. He has written for The American Prospect, AlterNet, The Philadelphia Inquirer, and The Huffington Post, covering everything from politics to pop culture.