Fed Refuses to Release Bank Data, Insists on Secrecy »
Posted By berkeley 9 months, 2 weeks ago in Business & FinanceThe Federal Reserve Board of Governors receives daily reports on bailout loans to financial institutions and won’t make the information public, the central bank said in a reply to a Bloomberg News lawsuit.
The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral.
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berkeley
If tyranny and oppression come to this land, it will be in the guise of fighting a foreign enemy. Of all the enemies to public ...
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berkeley9 months, 2 weeks ago
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just like bank of america's billions in bonuses can't be made public because it would embarrass too many bigwigs. what idiots.
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http://www.bloomberg.com/apps/news?pid=20601087=al...
until they understand the benefits of transparency, we'll keep having problems. -
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