02 April 2009

Senate Budget Bill Forces Fed to Name Names

In response to the Federal Reserve impeding attempts to get information as to the institutions that they have aided, the Senate has inserted a provision in the budget that would, "require the Fed to identify each firm it has given assistance to, how much the assistance was worth, and what the firm is doing with the money.."

Unfortunately, it appears that it won't make it to the President's desk, at least not according to a, "senior Democratic Senate aide," but it would be a good thing.

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