Officials Refuse to Provide Details on Secret Previous Bailout

Top government officials are refusing to provide details on a secretive deal it made to manage billions in assets from an earlier bailout. Sen. Charles Grassley, R-Iowa, has been pressing top officials for months to provide details on a deal the Federal Reserve made for a private firm to manage $30 billion in financial assets from the collapsed investment bank Bear Stearns, as part of an arrangement to facilitate J.P. Morgan Chase's purchase of the bank in March. The Federal Reserve announced...Full Story
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