Fed Playing Favorites With Wall Street in Secretive Bond Deals: Mortgages
Shenn and Gage
The Federal Reserve secretly selected a handful of banks to bid for debt securities acquired by taxpayers in the U.S. bailout of American International Group Inc., and the rest of Wall Street is wondering what happened to the transparency the central bank said it was committed to upholding.
“The exclusivity by which the process has shut [...]
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