6 Shocking Revelations About Wall Street's "Secret Government"

By Les Leopold, AlterNet
Posted on November 30, 2011, Printed on December 2, 2011

We now have concrete evidence that Wall Street and Washington are running a secret government far removed from the democratic process. Through a freedom of information request by Bloomberg News, the public now has access to over 29,000 pages of Fed documents and 21,000 additional Fed transactions that were deliberately hidden, and for good reason. (See here and here.)

These documents show how top government officials willfully concealed from Congress and the public the true extent of the 2008-'09 bailouts that enriched the few and enhanced the interests of giant Wall Streets firms. Here’s what we now know:

• The secret Wall Street bailouts totaled $7.77 trillion, 10 times more than the $700 billion Troubled Asset Relief Program (TARP) passed by Congress in 2008. 

• Knowledge of the secret bailout funds was not shared with Congress even while it was drafting and debating legislation to break up the big banks.