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Transparency?Federal Reserve doles out trillions, won’t release details
The recent $700 billion (more or less, probably more) bailout of Wall Street still has many Americans simmering in anger.
Now many are becoming boiling mad. The U.S. Treasury and the Federal Reserve promised transparency in the bailout. Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke vowed the same transparency before Congress. Maybe they had their fingers crossed. Bloomberg.com reported Monday that the Federal Reserve is refusing to identify the recipients of more than $2 trillion—that’s trillion with a “T”—in emergency loans of t...
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