Bernanke Says Federal Reserve Won't Reveal Details on Loans

Bloomberg reports:

Federal Reserve Chairman Ben S. Bernanke said the central bank won't disclose details of the $2 trillion in emergency loans of taxpayer funds because doing so would stigmatize banks needing the money.

``Some have asked us to reveal the names of the banks that are borrowing, how much they are borrowing, what collateral they are posting,'' Bernanke said today to the House Financial Services Committee. ``We think that's counterproductive.''

No this isn't a piece from The Onion.Socialism is never proud of real facts: taking money from Peter to pay Paul and then hiding it.Socialism leads to secrecy.