‘The Public Deserves to Know’: Lone Watchdog Demands Federal Reserve Release Names of Corporations Receiving Taxpayer Bailouts
Shouldn’t we have an idea of the companies that have accessed the bailout money?
(From Common Dreams)
The lone watchdog on a congressional committee formed to oversee the Trump administration’s handling of a multi-trillion-dollar coronavirus bailout package demanded Wednesday that the Federal Reserve release to the public both the names of corporations receiving taxpayer bailout money and details on how the funds are being used.
“The public deserves to know which companies are receiving taxpayer-backed lending through the Fed and on what terms, and to be able to monitor what those companies do after receiving taxpayer support,” Bharat Ramamurti, thus far the only person who has been appointed to the newly created Congressional Oversight Commission, wrote in a letter to Federal Reserve Chair Jerome Powell and Treasury Secretary Steve Mnuchin.