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Board of Governors of the Federal Reserve System: Releases info required?




"This section of the website provides detailed information about the liquidity and credit programs and other monetary policy tools that the Federal Reserve used to respond to the financial crisis that emerged in the summer of 2007".


Usage of Federal Reserve Credit and Liquidity Facilities



<< <i>The public disclosure of the lending data should have been prevented because it could spur runs on the banks listed, said Darrell Duffie, a finance professor at Stanford University. >>



<< <i>“That’s a very destructive process,” he said. Still, with the data released, “if you’re justified in getting the information, then you’re justified to get enough information to judge the risk the Fed took,” he said. >>




Taxpayer Risk `Impossible' to Know for Some Fed Programs - Bloomberg



**** edited to add: I have a feeling we will be hearing much talk of: "Maiden Lane LLC I, II & III"

Comments

  • jmski52jmski52 Posts: 22,824 ✭✭✭✭✭
    And to think that I actually worry about how shipping costs will reduce my cost basis for tax purposes on a coin that I am lucky enough to make a small profit on.

    Did Geithner ever pay that $34,000 back and did he pay any penalties, I wonder?

    Sheesh.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
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