Aug. 27 (Bloomberg) -- The Federal Reserve argued yesterday that identifying the financial institutions that benefited from its emergency loans would harm the companies and render the central bank’s planned appeal of a court ruling moot.
"Harm the companies" eh? You mean reveal that they are and have been insolvent, and The Fed has been engaged in covering them up?
The Fed is hiding the insolvency of banks. They, along with their handmaidens in Congress even went further and twisted the arm of FASB to legalize intentional accounting distortions that I argue amount to fraud. ~http://market-ticker.denninger.net/~
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