The Federal Reserve Board refuses to disclose bailout details, Bloomberg finds

Tuesday, November 11, 2008

The Federal Reserve Board has refused to name the banks receiving part of $2 trillion in emergency loans. The Fed also refuses to disclose what kind of collateral was offered up for the loans, so Bloomberg News is suing to find out. But could identifying the recipients send investors into another panic?

Guests:

Matt Winkler

Contributors:

Kent DePinto

Comments [3]

Bob from NYC

Hi,
I was very disappointed in the interview questions. I would like to know when this legislation was passed. Was it before or after the federal $700 Billion bailout? The discussion was about how the $2 Trillion dollars was spent but more important to me right now is the question of how much more is going to be spent on this program. Does the Fed Board have unlimited authority? Could this be $4 Trillion in another two months or doesl the spending have a cap? What are the terms of this expenditure? Is it a 30 day loan? or 30 year loan? Please go back to this issue. I usually find your interview questions very probing but I do think you dropped the ball on this issue, if it is an issue.

Nov. 11 2008 09:27 AM
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idiolaBandign

Maybe the problem is that I expected it to be easy and learned too late that is extremely challenging. The difficulty of life combined with the disapointment brought by major experience (love, work, friendship) keeps me up or makes me bury my head under the pillow.

Nov. 11 2008 08:27 AM
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Leland Purvis

John opened the show with the Nietzsche quote, "That which does not kill me makes me stronger." It bears remembering that Nietzsche died at 55, insane, likely from late-stage syphillis.

Nov. 11 2008 08:13 AM
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