Monday, November 24, 2008

Fed Pledges up to $7.4 Trillion for Bailout!

So Bloomberg reports. And with very little transparancy. Check out Bernanke:

“Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,” Bernanke said Nov. 18 to the House Financial Services Committee. “We think that’s counterproductive.”

Things are too crazy for words...

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