A lawyer for the Federal Reserve dropped off previously undisclosed loan documents at the Washington, D.C,. office of Bloomberg News this morning, marking the end of a three-year struggle to compel the Fed to disclose who borrowed from its “discount window” during the 2007 financial crisis.
Thought the financial crisis only cost taxpayers $700 billion? Think again. New reports have shown that, at one point last year, the government had lent, spent or guaranteed $12.8 trillion to Wall Street.
A brief provision in an airline safety bill has prompted a heated, and confusing, public spat between shipping giants UPS and FedEx.