Anthony Randazzo on Trillion Dollar Bailouts and Crony Capitalism at the Federal Reserve

Earlier this week, Federal Reserve Chairman Ben Bernanke sent a letter to Congress where he tried to counter the idea that the Fed secretly lent trillions of dollars to banks during the financial crisis. But as Anthony Randazzo explains, Bernanke's complaint missed the whole point of why the nation should be up in arms over the Fed's actions. The Federal Reserve is supposed to act as a lender of last resort, but instead it has been acting like an ATM for Wall Street bankers.