US Senator wants Fed to name loan recipients

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A U.S. senator berated Federal Reserve Chairman Ben Bernanke on Tuesday for refusing to name banks that borrow from the central bank.

From Reuters UK

Senator Bernie Sanders introduced legislation that would require public disclosure.

In a testy exchange at a hearing before the Senate Budget Committee, Sen. Sanders said he found it "unacceptable" that the central bank risked taxpayer money without detailing where the funds went.

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Tags: money, economy, bernanke