It's not so much that the loans were made. I understand the whys and wherefores there. I'm roughly okay with that.
That they are (a) made in secret to firms that then (b) spearheaded efforts to prevent future oversight and regulation to keep the same disastrous conditions from occurring … yeah, that I'm not really okay with. #ddtb
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Secret Fed Loans Gave Banks Undisclosed $13B
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
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I’ve just dispatched emails to my Senators and my Rep. asking what they could do about it, and that it needs to be made illegal: