Claim: "The Fed created $1.2 trillion out of nothing, gave it to banks, and some of them foreign banks, so that they could stabilize their operations."
Fact-check: Rep. Dennis Kucinich says the Fed created $1.2 trillion out of nothing to aid banks
Verdict: true
Organisation: PolitiFact
Author: Peter Krouse
Date published: 2011-09-28T00:00:00