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Home › Forums › Financial Markets/Economics › Fed Refuses to Disclose Recipients of $2 Trillion in Lending

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  • December 11, 2008 at 11:40 PM #14614
    The OC Scam
    Participant

    What a surprise? The Feds don’t have to say anything about 2 trillion…

    Dec. 12 (Bloomberg) — The Federal Reserve refused a request by Bloomberg News to disclose the recipients of more than $2 trillion of emergency loans from U.S. taxpayers and the assets the central bank is accepting as collateral.

    Bloomberg filed suit Nov. 7 under the U.S. Freedom of Information Act requesting details about the terms of 11 Fed lending programs, most created during the deepest financial crisis since the Great Depression.

    http://www.bloomberg.com/apps/news?pid=20601087&sid=apx7XNLnZZlc&refer=home

    December 12, 2008 at 8:50 AM #314666
    Arraya
    Participant

    IMO, this is one of the most interesting stories out there. Why o why is the Fed so secretive. Also, Bloomberg is the only MSM that is reporting on it.

    December 12, 2008 at 8:50 AM #315023
    Arraya
    Participant

    IMO, this is one of the most interesting stories out there. Why o why is the Fed so secretive. Also, Bloomberg is the only MSM that is reporting on it.

    December 12, 2008 at 8:50 AM #315057
    Arraya
    Participant

    IMO, this is one of the most interesting stories out there. Why o why is the Fed so secretive. Also, Bloomberg is the only MSM that is reporting on it.

    December 12, 2008 at 8:50 AM #315079
    Arraya
    Participant

    IMO, this is one of the most interesting stories out there. Why o why is the Fed so secretive. Also, Bloomberg is the only MSM that is reporting on it.

    December 12, 2008 at 8:50 AM #315150
    Arraya
    Participant

    IMO, this is one of the most interesting stories out there. Why o why is the Fed so secretive. Also, Bloomberg is the only MSM that is reporting on it.

    December 12, 2008 at 9:21 AM #314681
    The OC Scam
    Participant

    What is amazing to me is all this public anger about $700 billion but the backdoor of the government is giving out 2 trillion and practical nobody is saying anything about it! WTF

    December 12, 2008 at 9:21 AM #315038
    The OC Scam
    Participant

    What is amazing to me is all this public anger about $700 billion but the backdoor of the government is giving out 2 trillion and practical nobody is saying anything about it! WTF

    December 12, 2008 at 9:21 AM #315072
    The OC Scam
    Participant

    What is amazing to me is all this public anger about $700 billion but the backdoor of the government is giving out 2 trillion and practical nobody is saying anything about it! WTF

    December 12, 2008 at 9:21 AM #315094
    The OC Scam
    Participant

    What is amazing to me is all this public anger about $700 billion but the backdoor of the government is giving out 2 trillion and practical nobody is saying anything about it! WTF

    December 12, 2008 at 9:21 AM #315165
    The OC Scam
    Participant

    What is amazing to me is all this public anger about $700 billion but the backdoor of the government is giving out 2 trillion and practical nobody is saying anything about it! WTF

    December 12, 2008 at 9:42 AM #314691
    Arraya
    Participant

    The public lives in sound bites and does not read Bloomberg. Most only have a vague idea what they Fed does. Besides they are not talking about it on Fox and Friends, so it can’t be that important.

    Funniest line from the article…

    In response to Bloomberg’s request, the Fed said the U.S. is facing “an unprecedented crisis” in which “loss in confidence in and between financial institutions can occur with lightning speed and devastating effects.”

    So transparency will cause a loss of confidence. Hmmm….. They can’t hide those assets for ever. There will be a day of reckoning…

    December 12, 2008 at 9:42 AM #315048
    Arraya
    Participant

    The public lives in sound bites and does not read Bloomberg. Most only have a vague idea what they Fed does. Besides they are not talking about it on Fox and Friends, so it can’t be that important.

    Funniest line from the article…

    In response to Bloomberg’s request, the Fed said the U.S. is facing “an unprecedented crisis” in which “loss in confidence in and between financial institutions can occur with lightning speed and devastating effects.”

    So transparency will cause a loss of confidence. Hmmm….. They can’t hide those assets for ever. There will be a day of reckoning…

    December 12, 2008 at 9:42 AM #315082
    Arraya
    Participant

    The public lives in sound bites and does not read Bloomberg. Most only have a vague idea what they Fed does. Besides they are not talking about it on Fox and Friends, so it can’t be that important.

    Funniest line from the article…

    In response to Bloomberg’s request, the Fed said the U.S. is facing “an unprecedented crisis” in which “loss in confidence in and between financial institutions can occur with lightning speed and devastating effects.”

    So transparency will cause a loss of confidence. Hmmm….. They can’t hide those assets for ever. There will be a day of reckoning…

    December 12, 2008 at 9:42 AM #315104
    Arraya
    Participant

    The public lives in sound bites and does not read Bloomberg. Most only have a vague idea what they Fed does. Besides they are not talking about it on Fox and Friends, so it can’t be that important.

    Funniest line from the article…

    In response to Bloomberg’s request, the Fed said the U.S. is facing “an unprecedented crisis” in which “loss in confidence in and between financial institutions can occur with lightning speed and devastating effects.”

    So transparency will cause a loss of confidence. Hmmm….. They can’t hide those assets for ever. There will be a day of reckoning…

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