Secrets are not nice... that’s the word from Senator Bernie Sanders.
He says in a news release from Wednesday June 10th the report by the Federal Reserve on aid to banks, investment firms and other financial institutions was “completely insufficient”.
The independent Senator from Vermont said, “Today's report is completely insufficient. It is time for the Fed to name names. The American people have a right to know who received more than $2 trillion in loans from the Fed… This money does not belong to the Fed. It belongs to the American people,”
The Senator called into question what big banks, Obama administration and the Fed are doing with the money. Senator Sanders said in the release, “Are these banks paying back TARP funds to the Treasury Department today, while receiving secret loans from the Fed tomorrow? As long as the Fed keeps this information secret, we will never know.”