Fed Refuses to disclose Recipients of $2 Trillion

The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from US taxpayers and the assets the central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under the US Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deeptest financial crises since the Great Depression.

The whole article is published by Bloomberg News here.

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