If the Federal Reserve were to reveal the details of the distribution of bailout funds then banks would not accept it??? That is an absolute joke!!! Listen to the clip below of Federal Reserve Vice Chairman Donald Kohn giving that exact reasoning as his his excuse for the Federal Reserve keeping the distribution of bailout money in secrecy. Representative Alan Grayson (D-Fla) was not buying it!!! No pun intended. This is a clip from Tuesday's House Financial Services Committee hearing on the bailout funds.
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