Fox continues bailout battle


Many Americans are wondering where TARP funds have gone, and will go, but thus far there have been few answers. Fox Business Network filed a Freedom of Information Act request for answers with the US Treasury, and with the Federal Reserve System, trying to get answers. In neither case have they been forthcoming. It has already taken Treasury to court to get the info, and now it is pursuing the same tactic with the Fed.

RBR/TVBR observation: We expected the Treasury Department to simply run out the clock as it awaits the problem to transfer over to Barack Obama. It may be a little harder to do that at the Fed, where chair Ben Bernancke may well be staying on. Or perhaps the Obama administration really will be more open and will simply make the information public. Stay tuned.