US US bail-out efforts are having a significant impact on some credit markets, the Treasury and Federal Reserve said in a report on Monday, just as the watchdog for the rescue effort attacked a lack of transparency.
Neil Barofsky, special inspector-general for the troubled asset relief programme, said that the various US schemes to shore up banks and restart lending exposed federal agencies to a risk of $23,700bn – a vast estimate that was immediately dismissed by the Treasury.
