Monday, November 10, 2008

No Transparency at the FED

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Photo Credit: svilen001
I have to say that the fact that the Fed is not letting anyone know who they have given, an estimated 2 trillion in bailout money, really worries me.  I do not trust this current administration, at just about, every turn they have messed up things.  Their arrogance has led them wrong constantly over the last 8 years.  Thank god that the election went the way it did. I think that the economy would of been doomed under McCain.  At least now their is a chance things could work out.  

But it will be painful, before it gets better. 

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...

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