No One Telling Who Took $586B in Fed Swaps

[Owlet]

For all the transparency forced on the Federal Reserve by Congress and the courts, one of the central bank’s emergency-lending programs remains so secretive that names of borrowers may be hidden from the Fed itself.

http://www.bloomberg.com/news/2011-12-11/no-one-says-who-took-586-billion-in-fed-swaps-done-in-anonymity.html

[dixiegrrrrl]

1. We really need that head banging emoticon more easily available.

.... ......

[banned from Kos]

2. What a non-story. The ECB bought the swaps. Its THEIR policy not to itemize which of

their member banks ended up with those US Dollars.

How could the Fed provide the info? Point a gun at the ECB?