"Secondary reading perhaps for FM readers. Christmas turkey equity rally underway.

"Economy here no complaints the West (Alberta/Saskatchewan) full steam ahead!

"Stay well both of you."

David Fuller's view Thanks for a fascinating article, certain to be of interest to subscribers. It is posted in the Subscriber's Area along with my further comments.

"Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress"


Under the circumstances, I think the Fed's bailout decision was the 'lesser of evils' in terms of choices. However, while temporary secrecy may have been justifiable at the time, I think it was wrong to resist the eventual disclosure of this information. Well done Bloomberg and also the US Supreme Court. People need to know the full story, not least because measures need to be put in place to reduce the risk of a similar or even bigger crisis in future.