Secret Banks & Bureaucrats

So, there is an off-the-books bank operating within Treasury that has unlimited borrowing limits from Treasury.  The bank is run by Treasury officials.

Sweet deal.

What we learn is that the bank came into existence in 1973.

So, how does a new Administration even learn that such a bank exists?

Bureaucrats and the institutional memory they represent, usually.  The real secrets of the republic are hidden in places known only to the bureaucrats charged with their maintenance, and probably revealed very selectively.  The bureaucrats are the machine of Government.

Keep that in mind when Restoration is front & center.

Here is the piece by Liz MacDonald.

Kerodin
III

Advertisements

One thought on “Secret Banks & Bureaucrats

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s