The Federal Reserve Board refuses to disclose bailout details, Bloomberg finds
The Federal Reserve Board has refused to name the banks receiving part of $2 trillion in emergency loans. The Fed also refuses to disclose what kind of collateral was offered up for the loans, so Bloomberg News is suing to find out. But could identifying the recipients send investors into another panic?
At The World, we believe strongly that human-centered journalism is at the heart of an informed public and a strong democracy. We see democracy and journalism as two sides of the same coin. If you care about one, it is imperative to care about the other.
Every day, our nonprofit newsroom seeks to inform and empower listeners and hold the powerful accountable. Neither would be possible without the support of listeners like you. If you believe in our work, will you give today? We need your help now more than ever!