Tuesday, November 11, 2008
Feds: Shrouded with secrecy.
Fed refuses to identify recipients of $2 trillion in U.S. taxpayer loans --Fed Defies Transparency Aim in Refusal to Disclose The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral. Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.
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3 comments:
Yes it's always been those secrets that have led to crimes by this group. When Americans find out just what Bennie's been doing they will be shocked. Makes since that Bennie wants to keep his job as Fed Chief that way those secrets stay a secret. 2 trillion dollars given away with no approvel or expaination to anyone.
Sorry, Bernacki needs to be dumped.
No transparency, no job.
Oh Mr. Kitty Bennie endorsed Obama in hopes of keeping his job. He has no idea what he's doing and just following the orders of the White House and giving the money away to Bush/Cheney friends. Now Bennie knows in order to keep those secrets he has to be in the job. Yes I know Obama knows better but you have to calm down ok.
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