Former Top-level Federal Reserve Official: Fed Secretly Bailing Out EuropeYes, We Are Bailing Out Europe

Federal Reserve chair Ben Bernanke told Congress that the Fed would not bail out Europe.

But he might have been less than forthcoming.

Former Vice President of the Federal Reserve bank of Dallas, Gerald ODriscoll, says that the Fed is secretly bailing out Europe:

H/T: Washingtonsblog