Dennis Kucinich: the Federal Reserve is paying banks NOT to make loans to struggling Americans!
U.S. 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 makes generous interest payments to the banks for "parking" their "excess reserves" at the Fed.

                         

Dennis Kucinich: Federal Reserve No More "Federal" Than Federal Express!
Kucinich: Federal Reserve No More "Federal" Than Federal Express! Abolish it and let the U.S. government print U.S. money!