Abolish the Fed

The Federal Reserve Board refuses to disclose which financial institutions have received bailouts, Bloomberg reports:

The Fed refused yesterday to disclose the names of the borrowers and the loans, alleging that it would cast “a stigma” on recipients of more than $1.9 trillion of emergency credit from U.S. taxpayers and the assets the central bank is accepting as collateral. […] 

Isn’t that more or less an admission that the bank bailouts aren’t working?