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Making the bailout more transparent

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It's old news -- several trillion dollars ago -- but back in 2008 the Federal Reserve, Treasury and the FDIC started working in tandem on a series of measures to stabilize the financial system. The Federal Reserve's aid is doled our or loaned out in secrecy, despite the dogged attempts of Bloomberg News to pry loose the data; the FDIC has released some, thanks to a Freedom of Information Act request filed by our colleagues at SubsidyScope.com.

[caption id="" align="alignnone" width="480" caption="Banks participating in FDIC's Transaction Guarantee Account Option"]Banks participating in FDICs Transaction Guarantee Account Option[/caption]

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