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The American Empire in a Changing World



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Tuesday, March 29, 2011

'Dying Banks Kept Alive Show Secrets Fed’s Data Will Reveal'

from bloomberg............


"Without identifying them as of yet, Fed officials say all the discount window loans made during the worst financial crisis since the 1930s have been repaid with interest. Cases such as Park National’s show how the lending amounted to a secret public subsidy, with few questions asked."


.................“When it comes to openness and transparency, it is incumbent for the Fed or any agency for that matter that is providing subsidies with taxpayer monies to be accountable for their actions,” he said"......read more here



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