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|User Info||"It" Happened; entered at 2009-04-14 09:11:14|
Registered: 2008-04-01 NJ
The Fed, as the actor at the center of the universe of lending, has data that nobody else has.
Maybe, just maybe this should change. If the Fed is circumventing Congressional approval and using taxpayer money to recapitalize the banks at ANY cost, shouldn't the data that "nobody else has" become public domain? It's quite obvious that either they are unable to interpret the data correctly or willfully have ignored to do so, so should they be the only ones to see it when obviously they've given the bill to the taxpayer? Maybe that FOI act suit by Bloomberg should expand beyond the TARP.