The once clear line in America that separates the private sector from the public sector is quickly disappearing, and Washington D.C. is emerging as the financial, as well as political capital of the country.

By: Daniel J. Popeo at Washington Examiner

Washington’s massive and unprecedented $3 trillion taxpayer-funded bailout of failed institutions has given rise to legitimate bipartisan concerns about the nature of the Federal Reserve Bank’s activity, especially given the impenetrable veil of secrecy under which the Fed operates.

The once clear line in America that separates the private sector from the public sector is quickly disappearing, and Washington D.C. is emerging as the financial, as well as political capital of the country.

In such a troubling climate, the need for government accountability and transparency has never been greater than it is today.

Following the Fed’s use of trillions in tax dollars to help bailout a hand-picked group of unknown firms, many news organizations and public interest groups filed Freedom of Information Act (FOIA) requests with the Fed to learn the basic details of the bailout scheme—namely, who received what, in exchange for how much collateral, and why?

FULL STORY

Help Make A Difference By Sharing These Articles On Facebook, Twitter And Elsewhere:

• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
• 
•