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 Bernanke and Treasury Secy Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. |
Read the rest of the story HERE:
At www.bloomberg.com
Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.