The Federal Reserve has handed out more than $2 trillion in "emergency loans."Let's put it this way: The Federal Reserve, through 11 lending programs, has doled out $2 trillion of our tax money to unknown persons and institutions.
And the Feds are not going to tell you who got the money!
Bloomberg News asked the Federal Reserve to provide the data: names and places; the who and when. The Feds said no way! So, on Nov. 7, Bloomberg News filed suit under the Freedom of Information Act.
On Dec. 8, the Federal Reserve said it wasn't required to provide that information. And to do so might cause "substantial, multiple harms," according to the secretary for the Federal Reserve's Board of Governors.
Isn't this our money? Remember that phrase, "We, the people"?
What a crock! And I'll bet you thought you lived in a democracy!
The entire Bloomberg article is here.
1 comment:
Let us hope that Bloomberg pursues this and gets the information soon. It is public money and should be watched carefuly by some oversight commitee.
Bob Poris
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