Bloomberg continues to push the government to disclose who it’s handing $2 trillion.
Today it writes that five Republican congressmen, including House Minority Leader John Boehner, called for the Fed to give up the goods. Good for them. Now where are the Democrats?
“We’re talking about using, between the Fed and Treasury, trillions of dollars of taxpayer money with scant to nonexistent oversight,” Republican Study Committee Chairman Hensarling, a Texas Republican, said in an interview. “They have taken a lot of liberties with the taxpayers’ checkbook. People have a right to know how this money, ultimately, is being used.”
LA Times columnist Tom Petruno is following this on his blog. Where’s the rest of the press?
It appears the Fed is ticked at the attempts to hold it accountable:
Federal Reserve spokeswoman Michelle Smith didn’t respond to calls or an e-mail seeking comment.
Go, Bloomberg.Ryan Chittum is a former Wall Street Journal reporter, and deputy editor of The Audit, CJR's business section. If you see notable business journalism, give him a heads-up at email@example.com. Follow him on Twitter at @ryanchittum.