I hypothesize that we lent it to Germany at 4% interest so they could loan it to Greece at 5% or something like that. The fed doesn’t have to tell so we may never know for sure.
Since when does government not have to answer where it’s loaning our money? Even if you say the fed is private, they still can be hauled up before Congress and forced to answer.
If not, it’s time to dismantle the Fed completely. We can’t have a private group doing this and that in the billions and trillions with our money and be told we can’t know what they’re doing with it. And then the whole issue of fiat money and fractional reserve lending, don’t get me started.