Final Note

The Federal Reserve names names

Kai Ryssdal Mar 31, 2011

This final note today, which comes in the form of a riddle. What do the Federal Reserve Bank of the United States and Goldman Sachs have in common?

Answer? They really, really don’t like being told they have to give up information. This morning, after the Supreme Court ruled it had to, the Fed released the names of the banks that got emergency loans back at the depths of the financial crisis. NIne hundred computer files that have to be opened and read individually. No index, no search capability. Pretty much the same way Goldman Sachs did its data-dump on the Financial Crisis Inquiry Commission.

Borrowers from the Fed, by the way, ranged from big to small: mighty Goldman Sachs all the way to the Bank of Yazoo City, Miss.

As a nonprofit news organization, our future depends on listeners like you who believe in the power of public service journalism.

Your investment in Marketplace helps us remain paywall-free and ensures everyone has access to trustworthy, unbiased news and information, regardless of their ability to pay.

Donate today — in any amount — to become a Marketplace Investor. Now more than ever, your commitment makes a difference.