Want to read Slashdot from your mobile device? Point it at m.slashdot.org and keep reading!

 



Forgot your password?
typodupeerror
DEAL: For $25 - Add A Second Phone Number To Your Smartphone for life! Use promo code SLASHDOT25. Also, Slashdot's Facebook page has a chat bot now. Message it for stories and more. Check out the new SourceForge HTML5 internet speed test! ×

Submission + - 2008 fed Bailout data to be made public (reuters.com)

schwit1 writes: SCOTUS rejected an appeal by the big banks concerning details of the 2008 emergency bailouts. Many news organizations were on the opposite side wanting access to these secrets such as who and how much money was borrowed at the height of the crisis. The Obama administration did not weigh in, which is not surprising given their mediocre record on openness and transparency. FYI: Tim Geitner was the head of the NY Fed at the time, which distributed most of the bailout moneys.

Never before have so few privileged businesses and individuals benefited so mightily. This was the scam of the century.

The Fed has given no timeframe on when it will release the data.

Slashdot Top Deals

"The vast majority of successful major crimes against property are perpetrated by individuals abusing positions of trust." -- Lawrence Dalzell

Working...