You mean when Bernanke was asked by the Senate under oath if he would say where the 24 trillion went and his answer was “No!”
Why is the Fed so secretive? From the beginning?
What are they hiding?
The Fed was born in secrecy.
Without it, they would die.
Why do you think the Fed, as an institution controlling multiple trillions of dollars, refuses to be audited?
“Why is the Fed so secretive? From the beginning? What are they hiding?”
They aren’t hiding much. They’ve issued weekly reports basically forever. Maybe if you had read Barron’s or the WSJ once in a decade you would have stumbled over it.
Makes for real fun reading; here’s a start:
https://www.federalreserve.gov/monetarypolicy/bst_fedsbalancesheet.htm
https://www.investopedia.com/articles/economics/10/understanding-the-fed-balance-sheet.asp