Thursday, August 27, 2009
The Fed stonewalls again
Regarding the release of the names of the institutions that received largess from the Federal Reserve, the Fed argued in court yesterday that "The institutions whose names and information would be disclosed will also suffer irreparable harm.”
Didn't the FDIC just announce that 416 banks with $300 billion of assets are basically insolvent since those banks have failed the FDIC grading system?
You can get a Call report on the FDIC's website right here.
How will the release of the names of the institutions that got taxpayer money be any more damning than that?
Or is it just that some of the institutions that got money, were supposedly the ones that were "healthy?"
Posted by Palmoni at 10:25 AM