reason.com - 11/10/2008
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Last week , I noted that despite assurances from Treasury officials that the bailout largess would be distributed in a transparent, accountable manner, one of the first big contracts awarded by the federal government, to the Bank of New York Mellon, had the actual amount of money to be paid to ...
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Feds Already Bucking Bailout Transparency
The Agitator —
Bloomberg reports:
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 S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn’t require approval by Congress, Americans have no idea where their money is going or what securities ...
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Down the ballot: Begich now leads —
First Read 11/13/2008
ALASKA: “Mark Begich made a dramatic comeback Wednesday to overtake 40-year incumbent Ted Stevens for the lead in Alaska's U.S. Senate race,” the Anchorage Daily News writes. “Begich, who was losing after election night, now leads Stevens by 814 ...
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