Bloomberg released the certainly uncooked and unmodified data for the borrowing totals of 407 banks and companies bailed out by the TARP from 2007-2009. Conveniently released 2 days before Christmas for your convenience. Sound familiar? Yup, the Federal Reserve Act itself was “ratified” 23 Dec 1913. I think it’s because they wanted the American public to know about it so Congress made sure to pass it when everyone was looking.

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