Another example of why government cannot be trusted

This post is political in nature. Other than the next clause, I won't mention the word "recruiting." But in the longer term, following and understanding political, economic, social and technological issues is critical to the services we provide the business sector... Remember, be a PEST.

Finance fascinates me because of it's nexus to politics - financial policy is always tangled with political intent: The impact of lobbyists and related influencers on the development and management of financial policies is tightly woven into the fabric of government since the "beginning."

Today's Bloomberg wire brought us this gem: "Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral."

All this after Paulson told Congress that "We need oversight. We need protection. We need transparency. I want it. We all want it.''

I want hair but I'm not willing to turn the back of my head into a landscape that resembles a tree farm for it...

Comment by Maureen Sharib on November 10, 2008 at 8:20am: "Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral."

This is outrageous.

Comment by Steve Levy on November 10, 2008 at 8:28am: To those who aren't link clickers, the upshod of the article is that Bloomberg has requested details of the Federal deals under the Freedom of Information Act.