Because the American taxpayer has bailed out the whole world, that's why. We're now the biggest suckers in history.
And the following information wouldn't have been released either, except for the Dodd-Frank legislation:
Citigroup ($2.2 trillion)
Merrill Lynch ($2.1 trillion)
Morgan Stanley ($2 trillion)
Bear Stearns ($960 billion)
Bank of America ($887 billion)
Goldman Sachs ($615 billion)
JPMorgan Chase ($178 billion)
Wells Fargo ($154 billion)
Swiss bank UBS ($165 billion)
Deutsche Bank ($97 billion)
Royal Bank of Scotland ($92 billion)
Fannie Mae and Freddie Mack ($1.25 trillion)
General Electric ($16 billion)
Harley-Davidson Inc. ($2.3 billion)
Caterpillar Inc. dealers ($733 million)
The story from yahoo.com is totally irresponsible for saying the Fed didn't take part in an appeal to the Supreme Court with a group of commercial banks seeking to prevent the disclosure of the names of institutions receiving emergency loans in 2008. Hell, the Fed appealed all the way up the line until it came time to appeal to the Supreme Court or comply with two (2! II! Zwei!) orders from lower courts to disclose the information. And we still don't have that.
Has anyone painted a clearer picture of the bankruptcy of our largest institutions and industries?
Only a fool would keep his money in a bank now.
Hell, only a fool would keep money.
