Federal Bailout under a Blanet of Secrecy


	Federal Bailout under a Blanet of Secrecy

dmtherob

11-16-2008 7:16 PM

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tags:

fed, bailout, federal, federal reserve

dmtherob says:

Without knowing the value and the kind of assets the Fed received from troubled banks, taxpayers can’t determine the effectiveness of the bailout or whether the money is being used properly.

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11-16-2008 9:42 PM

aklimento

Do you expecting good manners from sneak oil sellers? The media already suing them.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/25296274-5403-4f99-846c-890209e85301/60D115FC-0650-4B40-9CA0-EAA0A24562D3/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.chron.com/disp/story.mpl/business/steffy/6114007.html" href="http://www.chron.com/disp/story.mpl/business/steffy/6114007.html" style="font-size: 11px;">www.chron.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.chron.com/disp/story.mpl/business/steffy/6114007.html"><H1>Pull away blanket of secrecy on federal bailout</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.chron.com/disp/story.mpl/business/steffy/6114007.html"><P id="id2433591" class="Text-TextRagRight1P0Indent HoustonText">The Troubled Asset Relief Program, as the $700 billion bailout program approved by Congress is known, was supposed to be conducted with transparency and oversight.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.chron.com/disp/story.mpl/business/steffy/6114007.html"><P id="id2433596" class="Text-TextRagRight1P0Indent HoustonText">The TARP and other provisions of the federal bailout, however, remain shrouded in uncertainty. TARP, though, is only one piece of the overall bailout. The Federal Reserve and the Treasury have been shoveling huge piles of money into the markets during the past two months through channels that don’t require congressional approval, yet taxpayers have little idea where the money is going or what the government is getting in return.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.chron.com/disp/story.mpl/business/steffy/6114007.html"><P id="id2438338" class="Text-TextRagRight1P0Indent HoustonText">The Fed, for example, refuses to say who received some $2 trillion in emergency loans that have showed up on its balance sheet. </P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/60D115FC-0650-4B40-9CA0-EAA0A24562D3/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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