The Treasury misled the public last year in describing the banks who received bailouts as being “healthy”, according to the Treasury’s own Inspector General.
Not exactly news, and still going on!
Bank of America and Citibank remain walking zombies, we still have no idea about the losses to come, and the Federal Reserve continues as a structured investment vehicle for the Treasury, taking trillions in assets but not disclosing what they are.
Gorilla says: “Why not mix metaphors? You can’t hide the spoons in the can you’re kicking down the road!”
Tags: banks, Treasury
This entry was posted
on Monday, October 5th, 2009 at 8:54 am and is filed under Gorilla Meek.
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