Who are we bailing out?

[Bigmack]

Apparently, we don't need to know who is getting the money we're borrowing from China to bail out US companies....
- - - - -
Fed Defies Transparency Aim in Refusal to Disclose (Update2)
By Mark Pittman, Bob Ivry and Alison Fitzgerald

Nov. 10 (Bloomberg) -- The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral.
Fed Chairman Ben S. Bernanke and Treasury Secretary Henry Paulson said in September they would comply with congressional demands for transparency in a $700 billion bailout of the banking system. Two months later, as the Fed lends far more than that in separate rescue programs that didn't require approval by Congress, Americans have no idea where their money is going or what securities the banks are pledging in return.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aatlky_cH.tY&refer=worldwide

[ixion]

1. we're bailing out the top 1%... that's always who benefits

the rest of us get the shaft, as usual.

[snappyturtle]

2. That's for them to know and us to find out. You have to realize it's

just the American taxpayer that's paying this. Why do we need to know? :sarcasm:

[gratuitous]

3. None of yer business

Just pay up and don't worry about stuff that doesn't concern you. Let the Wise Old Men of Washington do their jobs; they don't have time to answer to the likes of you. They're men of action, men of conviction! Outta the way, as soon as you hand over your wallet. Uh, please?