Let the sun shine, let the sun shine in, the sun shine in….

Bloomberg News reports (see also this) that, in response to Bloomberg's recent FOIA request for information (on which see this) regarding the companies that received government emergency loans, the Federal Reserve still refuses to reveal the names of these firms and the assets they used as collateral.

The Fed's reluctance is both unsurprising and unfortunate. And need I mention here that its habit of introducing murkiness into its dealings with the public at large does little to quell fears that the Bush regime's economic crisis management program is just another instance of financial fraud?

The Columbia Journalism Review sadly notes that "it would be nice if other news organizations would jump on this bandwagon."

No comments: