Tuesday, November 11, 2008

$2 Trillion in Bailout Money: Where Did it Go?


The answer to that question, is nobody is allowed to know. $700 billion somehow morphed into 2 trillion, and we're not going to be told where it went. Or anything about it. I thought I'd let all of my outrage go. And maybe it's gone, because this just makes you feel numb, doesn't it?

[Excerpt]

Fed Defies Transparency Aim in Refusal to Disclose

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. . .

Read more at: Bloomberg

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