Market Currents
Saturday, December 13, 2008
2:17 PM
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The Fed refuses to grant Bloomberg News's request to disclose the recipients of more than $2T of emergency loans from U.S. taxpayers and the assets it's accepting as collateral. "If they told us what they held, we would know the potential losses that the government may take, and that’s what they don’t want us to know."
This news story has 6 comments:
Let's hope some Federal judge throws the book at the scofflaws at the Fed.
Bernanke deserves to rot in a jail cell.
Surely if we can grant "rights" to enemy combatants under the Bill of Rights, we can allow our citizens to see the truth of how our government is spending the tax dollars of future generations.
Obvious solution: gift some suitable securities to some enemy combatants (names available from ACLU court filings), and then sue the FED on their behalf for disclosure of the facts, petitioning the same judges who discovered their "rights" under the FOI act.
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On Dec 13 05:05 PM metalhead wrote:
...
> Surely if we can grant "rights" to enemy combatants under the Bill
> of Rights, we can allow our citizens to see the truth of how our
> government is spending the tax dollars of future generations.