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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: John Vosilla who wrote (282003)	10/8/2010 2:54:25 PM
From: Broken_Clock	Read Replies (1) \| Respond to of 306849

"Who and how many are these 'insiders'?" Even Obama's TARP czar says $14T out the door. Mr. "Transparency", Obama himself, probably doesn't know. theglobeandmail.com It's the question that just won't go away. In the depths of the financial crisis, as the U.S. flooded the system with cash in a desperate effort to stave off collapse, which banks got what? Despite a fusillade of criticism, much of it in Congress, the Federal Reserve has remained a tightly closed vault, so to speak. Repeated efforts to pry open the inner workings of the bailout have met with stiff resistance and mostly outright failure. Now a lawsuit wending its way through the courts is close to forcing the Fed to do something unprecedented – provide a loan-by-loan accounting of its emergency aid to banks. In the 97-year history of the Fed, the details of such operations have never been made public.