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.
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aG0_2ZIA96TI
This just frosts my testicles. Oh, I know we should not be surprised but still....
Thursday, March 5, 2009
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