Surely one of the more secretive branches of government is the Federal Reserve. It refuses to tell us - or its own Inspector General - anything about specific borrowers, even months after the borrowing has occurred. We can find out such information for the TARP. Why can't we do so for the Fed which has given out a lot more money than that given under TARP?
Ron Paul has introduced the Federal Reserve Transparency Act which asks the GAO to audit the Fed. Yet, few Democrats are supporting it and it seems unlikely to pass.
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