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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.

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