The Fed won't let US citizens take a closer look at their operations
The Federal Reserve Board has rejected a request by U.S. Treasury Secretary Timothy Geithner for a public review of the central bank’s structure and governance.
“It is not obvious at all why that is a Treasury responsibility or even appropriate why the Treasury would undertake that kind of study. The Fed was created by Congress and it is not part of the executive branch,” said Robert Eisenbeis, a former Atlanta Fed research director.
D.A.G. Says: The Fed is the organization that bailed out AIG and Bear Stearns. It's odd they're surprised we want a closer look.
