Rep. Paul planning hearing on Fed foreign lending

(Reuters) - Persistent Federal Reserve critic Representative Ron Paul plans to hold a hearing on the U.S. central bank's emergency loans to the branches of non-U.S. banks, his spokeswoman said on Saturday.
"I was surprised and deeply disturbed ... to learn the staggering amount of money that went to foreign banks," Paul said in a statement.
"These lending activities provided no benefit to American taxpayers, the American economy, or even directly to American banks," he said.
http://www.reuters.com/article/2011/04/02/usa-fed-paul-idUSN0214517620110402