Between The Numbers

The Fed Believes Secrecy is in Our Best Interests. Here are Some of the Secrets

I don't know why the idea of the Fed secretly loaning billions of dollars does not cause more outrage. And the argument against transparency seems to be the exact opposite of common sense ("telling you who is weak and needs money will make lies and unfounded rumors swirl that perfectly solvent banks are in fact weak."). Shelia Blair needs to use some FDIC authority and audit the recipients and then disclose the info if the Fed won't budge.