The Fed is private, it’s not subject to govt rules.
fed = private profits, socialized risk. how did they pull this one through congress?? (must read The Creature from Jekyll Island! http://www.amazon.com/Creature-Jekyll-Island-Federal-Reserve/dp/0912986395/ref=pd_bbs_sr_1?ie=UTF8&s=books&qid=1226349805&sr=8-1)
Wow.
“The Fed is private, it’s not subject to govt rules.”
That may be but public companies are (or used to be) subject to disclosure of material events and a cash infusion or even a new major debt instrument needs to be disclosed.