Fed Lends $1.1 Trillion, Won't Say to Whom
So much for transparency. Since September 14th when the Federal Reserve relaxed collateral requirements for new lending it’s doled out over $1.1 trillion to faltering financial institutions. Now  Chairman Ben Bernanke and company won’t say where the money went. Bloomberg reports the Fed is refusing to release details on which banks took out loans fearing such disclosure would be blood in the water for short sellers and other financial mercenaries. Bloomberg News even went so far as to file a lawsuit on November 7th under the Freedom of Information Act to try to force disclosure. Speaking to the Senate Banking ...
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