Board of Governors of the Federal Reserve System: Releases info required?
meluaufeet
Posts: 764 ✭✭✭
"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"
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Did Geithner ever pay that $34,000 back and did he pay any penalties, I wonder?
Sheesh.
I knew it would happen.