Senators and Congressmen aren't happy with what Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson aren't sharing about the $700,000,000,000 (I like the zeroes better than the words) bailout. Little things, like details.
And the other $2,000,000,000,000 in emergency loans? Oh yeah, that. The nerve of those elected officials; they act like it's their money. My favorite quote from the article:
''This constitutes exactly the scenario which landed these banks in their dilemma in the first place. The Fed is making sub- prime loans to these banks and taking their portfolio of subprime loans as collateral,'' said William Nein, an accountant from Woodland Park, Colorado, in an e-mail to Bloomberg. ``Where and when does this stop?''
"Federal Reserve spokeswoman Michelle Smith didn't respond to calls or an e-mail seeking comment."