Surprise, Surprise: Judge Stays Fed's FOIA Bailout Revelations
Submitted by Michael Nystrom on Sun, 08/30/2009 - 22:21
NEW YORK (Reuters) - The U.S. Federal Reserve won a delay of a federal judge's order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received.
Chief Judge Loretta Preska of the U.S. District Court in Manhattan stayed her August 24 order in favor of Bloomberg News, which had sought the information under the federal Freedom of Information Act, so that the central bank could appeal.
The Fed's board of governors has worried that disclosure would stigmatize the participating banks, threatening both them and the U.S. economy.
Continue at: Reuters
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Typical.
Typical.
What we suspected
Inside Science, a news service supported by the American Institute of Physics, is breaking an important story:
A pair of physicists at the Swiss Federal Institute of Technology in Zurich did a physics-based analysis of the world economy as it looked in early 2007. Stefano Battiston and James Glattfelder extracted the information from the tangled yarn that links 24,877 stocks and 106,141 shareholding entities in 48 countries, revealing what they called the “backbone” of each country’s financial market. These backbones represented the owners of 80 percent of a country’s market capital, yet consisted of remarkably few shareholders.
http://www.insidescience.org/research/study_says_world_s_sto...
Draft version of the physicists report:
http://arxiv.org/PS_cache/arxiv/pdf/0902/0902.0878v1.pdf
"Who is controlling Whom?"
thats why i believe
1207 is a more direct route even if it doesnt look like it.....they could tie this up in court for years
jimboz fight
The Fed will just carry the matter to a higher court where
the judges are more "sensitive" to Fed desires.
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"An economy built on fiat money is a society on its way to ashes."
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"An economy built on fiat money is a society on its way to ashes."
Don't Believe.
Oh wow. Keep PUSHING.
They don't deserve a delay.
All they are doing is buying up some time to create false and fraudulent documents along with the same old excuses.
I can not say I am
I can not say I am surprised. I can say it will never make me less angry.
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