I had wanted to write this during the last week of December, but I was pretty busy.
The Federal Reserve Bank has refused to make public where the bail out money has gone, who's gotten the money, and what is has been used for.
In October/November I wrote Senator Feinstein opposing the bail out and I got a nice letter essentially telling me that they knew best and she was supporting the bail out.
Well, it did not work. But at least the the Governmnet and Banks should let us know what happened to the money.
Businessweek (Dec 29, 2008/Jan 5, 2009, Pp. 024-025 ) has an article how much money the banks have received and the Federal Bank's decision to not disclose who's received the money and for what reasons. For more info read http://www.bloomberg.com/apps/news?pid=20601109&sid=aGvwttDayiiM&refer=home
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