One doesn’t have to be a libertarian critic of the Federal Reserve (Ron Paul being the exemplar) to see that billions in secret loans to financiers represents another example of government over-reach and (as they were at the time secret loans) unaccountability.
Here, from Reason.tv, is a segment of Andrew Napolitano’s Freedom Watch, where guests debate the Fed’s all-too-obliging nature. It’s a lively discussion with more than one point of view.