This should debunk some of the bull**** you've been fed about Obama's
alleged dirty deals with companies.

Gingrich was wrong when he said that Federal Reserve Chairman Ben
Bernanke had ?spent hundreds of billions of dollars? on secret bailouts
during the economic crisis. Under Bernanke, the Federal Reserve Bank has
made trillions of dollars in loans, but these loans are not a net loss
for the bank. In 2010, in fact, the Fed reported nearly $79.3 billion in
profits, nearly all from interest income.


Gingrich: Bernanke has in secret spent hundreds of billions of dollars
bailing out one group and not bailing out another group. I don?t see
anybody in the news media demanding the kind of transparency at the Fed
that you would demand of every other aspect of the federal government.

Gingrich?s statement implies that the Fed has funneled billions of
taxpayer dollars to big banks without any oversight. But that is not
true. There was an audit of the bank by the Government Accountability
Office in July of this year. As a part of the Dodd-Frank Wall Street
Reform and Consumer Protection Act, Congress required a ?one-time audit
of emergency loans and other assistance provided by the Federal Reserve
System from December 1, 2007, through July 21, 2010,? the GAO explains
in its report. That report found that the Fed took numerous steps to
guarantee repayment of the large loans

From factcheck.org.