Federal Reserve refuses to tell who is getting $2 Trillion of Taxpayers money
The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral. Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression. Track this law suit: Bloomberg LP vs Board of Governors of the Federal Reserve System, 08-CV-9595