Transparency Update

Discussion in 'Economy' started by CrusaderFrank, Sep 10, 2009.

  1. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Fox News appeals ruling for U.S. Fed over bailout
    Wed Sep 9, 2009 7:05pm EDT

    UPDATE 1-Judge puts US Fed's bailout revelations on hold
    Friday, 28 Aug 2009 06:46pm EDT

    * Fed had said disclosure could hurt banks, economy

    "NEW YORK, Sept 9 (Reuters) - Fox News Network LLC on Wednesday appealed a U.S. judge's decision not to force the U.S. Federal Reserve to reveal the names of participants in its emergency lending programs."

    Fox News appeals ruling for U.S. Fed over bailout | Industries | Financial Services & Real Estate | Reuters

    See, American citizens don't actually own their money, they just keep whatever the Gubbamint allows so why should the Fed disclose anything?
     
  2. MaggieMae
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    MaggieMae Reality bits

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  3. CrusaderFrank
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    CrusaderFrank Diamond Member

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    Actually, the Fed has "Off books" lending that went into multi-TRILLION dollars. Even Democrats can agree that's real money (hopefully)
     
  4. MaggieMae
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    MaggieMae Reality bits

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    This is interesting stuff. Here is the court decision in the Bloomberg case, which at the outset gives a brief overview of the Federal Reserve Board and the Federal Reserve Banks and their respective functions. Note starting on page 3 that the Banks do not operate on any money appropriated by the US Government.

    Bloomberg FOIA Lawsuit Decision
     

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