No wonder Fed Chief Bernanke fought so hard to keep the Fed’s lending a secret. I just read in Rolling Stone magazine a story entitled “The Real Housewives of Wall Street.” It seems that the Fed loaned bailout money of $220 million to the wives of two Morgan Stanley bigwigs. After his wife got a big taxpayers bailout John Mack, CEO of Morgan Stanley, bought a $15 million home equipped with a 12-car garage. — Richard Russell, www.dowtheoryletters.com
