MORE SECRETS: Fed Withholds Data for $885 Billion in Loans

Fed Withholds Collateral Data for $885 Billion in Financial-Crisis Loans

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Dec. 1 (Bloomberg) -- U.S. Representative Ron Paul, a Republican from Texas, talks about the Federal Reserve's response to the financial crisis and the bank's that borrowed from the Fed's Term Auction Facility. Paul speaks with Pimm Fox on Bloomberg Television's "Taking Stock." (Source: Bloomberg)

The Federal Reserve withheld details on individual securities pledged as collateral by recipients of $885 billion in central bank loans, denying taxpayers a measure of the risks they faced from its emergency aid.