Thursday, November 20, 2008
Call me a liar of you will, but it seems to me that the House committee is saying that a conspiracy killed the President of the United States. And still, you are a nut to say so.
Why was it done?
House Republican leader John Boehner called for the Federal Reserve to disclose the recipients of almost $2 trillion of emergency loans from American taxpayers and the troubled assets the central bank is accepting as collateral...
Senator John Cornyn of Texas, said the lack of disclosure ``should trouble taxpayers and policymakers alike. There cannot be accountability in government and in our financial institutions without transparency... Many of the financial problems we are facing today are the direct result of too much secrecy and too little accountability.''
There’s another piece of this puzzle that is also borderline illegal, which is that in addition to the $700 billion that we are discussing, the $700 billion bailout, there’s another $2 trillion that’s been handed out by the Federal Reserve in emergency loans to financial institutions, to banks, that actually we don’t really know who they’re handing the money out to, because, apparently, it’s a secret.