http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aG0_2ZIA96TI
What's the big secret
A similar AIG woe?
There is nothing there to hold the water
So it's a continued taxpayer flow
Of debt and mass destruction
To the dollars in our hand
That ain't buying jack shit now
But we're to stupid to understand
The motto and how it goes
Feed the rich and fuck the poor
Because that's how life just goes
The Federal Reserve Board of Governors receives daily reports on loans to banks and securities firms, the institution said in response to a Freedom of Information Act lawsuit filed by Bloomberg News.
The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral
