Monday, November 10, 2008

The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans


Washington - 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. More... Magazine Lane - Discount Cigarettes & Tobacco - Nutty News Marketplace - Beauty.com