FedGovs STILL don't want you to know about the bailout money


Government financial secrets

Remember Bloomberg News filing FOIA request to find out what the Federal Reserve is doing with the bailout cash? I covered it in FedGovs don't want you to know.

Well, the Treasury Department is pulling the same number on FOX Business Network.

The initial request, filed on November 25, sought actual data on the use of the bailout funds for American International Group and the Bank of New York Mellon, and an additional request, filed on December 1, sought similar data on the bailout funds for Citigroup, Inc. FBN is asking for the Treasury Department to identify, among other issues, the troubled assets purchased, any collateral extended, and any restrictions placed on these financial institutions for their participation in this program.

Kevin Magee, Executive Vice President, FOX News commented, “The Treasury has repeatedly ignored our requests for information on how the government is allocating money to these troubled institutions. In a critical time like this amidst mounting corruptions and an economic crisis, we as a news organization feel it’s more important than ever to hold the government accountable.”

Almost like the FedGovs are hiding something, isn't it?

Of course, it's impossible to say what unless the records are made public.

— NeoWayland

Posted: Sun - December 21, 2008 at 02:29 PM  Tag


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