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God bless Bernie Sanders:

A U.S. senator berated Federal Reserve Chairman Ben Bernanke on Tuesday for refusing to name banks that borrow from the central bank and introduced legislation that would require public disclosure.

[...]

When Sanders pressed on whether Bernanke would name the firms that borrowed from the Fed, the central bank chairman replied, "No," and started to say that doing so risked stigmatizing banks and discouraging them from borrowing from the central bank.
OH NOES!!!  Poor stigmatized banks don't need the further shame!! :(((

Date: 2009-03-05 01:24 pm (UTC)
From: [identity profile] h-postmortemus.livejournal.com
That is of course the standard excuse. In reality, since all the public banks have to report publicly on their finances, we already know which ones are fucked.

The real reason to not report this is of course to hide banks that are feeding from the public trough that don't need to do so.

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