Can you spell "Teapot Dome"? We're living through the biggest rip-off in the history of humankind and our government seems unable or unwilling to do anything about it. Alan Grayson is the first person in public life to even broach the subject as far as I know.

The loans were first mentioned (I think in CommonDreams) about November, 2008 and I've been waiting to hear something more about them. Kudos, Alan Grayson. Go after them!

Someone please correct me if I'm wrong, but wasn't the Federal Reserve formed by wealthy bankers to help wealthy bankers? If so, it sounds like they've been wildly successful.

"All Nature's difference keeps all Nature's peace." Alexander Pope

Correct, Ted Markow - the 'Fed' is not Federal at all. It is a PRIVATE consortium of Banks/Bankers. And, that's why they don't have to tell us a damn thing - not even Congress. This is a point NOT mentioned in thes video, even by the congressman! A Cosmic joke if it weren't so serious.

Alan Grayson has begun a new and badly needed oversight demand within Congress.
I like his quoting Regan, "Trust but Verify".

The over-bloated finance industry is already on record in 2008 for more unjustifiable bonuses, rewarding to the same execs who were overwhelmingly greedy, and the record of the banks and investment companies actually keeping the TARP money-probably to payoff bad loans on their books-and not lending to valid businesses and private mortgage applications.

Immediately, we need more oversight-and government control-of the US Federal Reserve cabal and the new Stimulus Package currently posed in Congress.

Kudos for Rep. Alan Grayson!

It may be PRIVATE, but as they so excitedly told us about the Bailout some institutions are too big to fail. Since in their hands the Fed might well hold the fate of the nation, they might be too big to be independently determining our future. They are a risk to America. As they are potentially much more dangerous than any of the so-called enemies on the neocon/pentagon lists, why don't we "Shock 'n' Awe" them? They'll wake up one day surrounded and surrendered. A danger no more.

'Course it's probably closer to the truth that they own US, and could shut us down...

Sic 'em, Grayson! Looks like we need fresher freshmen. Thanks for the peek behind the blue curtain.

With more of that, just see how quickly the American public (if it ever finds out) gets behind the tough questioning of long-held institutional secrets. Have Grayson's actions hit anywhere in corporate media??

Good coverage, American News Project!

Collectting some 500 million dollars, the Bubba Clintons are doing very well for themselves. Please keep in mind that it was Bill Clinton who removed or destroyed the Steagle act that was protecting us from the Banking Scandal.
It was also Bubba Clinton who gave us Nafta, the deal that sent our industrial base to China. We should find out how much money this country paid to subsidize
the movement of our industrial base oversease.

I suspect this all started out with the Vikings, the first capitalists. The basic idea is simple, "what is mine is mine, and what is your is mine." The system is simply organized crime, but is legalized crime. Certainly we all know the game, reverse Robin Hood. We have seen this for centuries, it involves the trickle up principal. Because the last not stolen "resource" is the Federal treasury, there has been significant progress grabbing that. The present bailouts have are unique, in that the stealing is done now, but the payment (from the poor) comes later. The rich are rich because they steal from the poor. Is there a remedy?

FDR thought so, called it income tax. We just need to divert some of the upward flow back to the poor. (This is actually beneficial for the rich, because then the poor actually have something to steal tomorrow, which keeps the system going.) The necessary plan is this: progressive income tax. A beginning: The present tax structure remains in place, except there is enforcement and loop holes (Cayman Islands) are shut. However, large incomes are progressively taxed. One needs to make this very simple because the rich have to be able to figure it out. So, incomes between 1 million and ten million are taxed at 50%, and all income over ten million/year is taxed at 75%. (No deductions, and no need for H&R Block– the butler can do the taxes.) This is not a big deal, because a person hauling in twenty million still gets to keep $ 7.5M, probably enough to scrape by with. Then we need to reinstall an inheritance tax—a good tax would be 90% of the estate after the first million. And there also needs to be an annual personal property tax, perhaps 8% of the market value of all property, including real estate, art, airplanes, collectables. This would tend to add up, making it possible to do all those deferred projects, and building a safe, prosperous tomorrow for our kids.