I can't remember where, but I read somewhere that Bloomberg actually sued the gov. under the freedom of information act, to reveal the holdings/dealings of the TARP. Not 100% sure if that's what they DID, or were THINKING of doing. Good idea in my opinion. -troll P.S. BLAH, made my lazy butt look for it. http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aKr.oY2YKc2g " Bloomberg News asked a U.S. court today to force the Federal Reserve to disclose securities the central bank is accepting on behalf of American taxpayers as collateral for $1.5 trillion of loans to banks. The lawsuit is based on the U.S. Freedom of Information Act...." etc.
Could you even imagine what due diligence CITI or any other bank would require right now from us, the consumer, for even a Refi? Yet, it's this same entity that is telling congress... you wouldn't understand it? We're not tracking "in" dollars against "out" dollars. What's wrong with you people? It was only $25 billion. Now, if you don't mind, We've got shareholder dividends and executive "incentive" bonuses to pay out.