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Federal Reserve Board fights to keep its secrets

Discussion in 'News & Current Events' started by Revmitchell, Aug 29, 2009.

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  1. Revmitchell

    Revmitchell Well-Known Member
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    The Federal Reserve Board, despite being ordered to disclose to whom it awarded roughly $2 trillion in discount "stimulus" loans, is fighting to keep the information under wraps as a protected "trade secret."

    Earlier this week, a U.S. district court judge rejected the Fed's argument that the names of borrowers are exempt from disclosure under the Freedom of Information Act and ordered the board to release the information by Monday, Aug. 31.

    The Fed's board of governors, however, has now filed a motion asking the judge to delay enforcement of the order, seeking time to appeal and arguing that disclosing which banks borrowed the funds could lead to a backlash from the banks' customers and stockholders.

    More Here
     
    #1 Revmitchell, Aug 29, 2009
  2. billwald

    billwald New Member

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    ANY CPAs on this list?????

    The charge is that the Fed washes money and sends it to European (Jewish?) bankers who own the Fed. The Fed claims to be owned by the Fed insured American banks but the argument is that there is no way to tell exactly who the owners of the controlling shares of the evil big banks are because banks own banks that own banks . . . and one can't get to the bottom line.

    How would an American committee follow the chain through a zillion European banks? (The Swiss bank recently knuckled under because over half their business is conducted in the US. hint: hide your money in Swiss banks that do not have branch offices in the US.)

    Why would a zillion local US banks go along with the theft?

    If the Fed's books are in balance then where does the hidden money come from? Under what accounts might the funds be hidden? Could an independent CPA find them?

    How did Bernard Whatshisname cook his books so that his ponzi scheme seemed legit? Did he ever produce an auditable set of books?
     
    #2 billwald, Aug 29, 2009
  3. Nonsequitur

    Nonsequitur New Member

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    I sure agree with you on that. I'm all for audits. I believe that any government agency that asks for a dime more than their previous budget should show to the penny where all the previous public tax money went.:thumbs:
     
    #3 Nonsequitur, Aug 30, 2009
  4. theolog

    theolog New Member

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    I don't know about you, but $2 Trillion sounds like an awful lot for secret Swiss cheese.
     
    #4 theolog, Sep 8, 2009
  5. Nonsequitur

    Nonsequitur New Member

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    It's not the cheese.....it's the trap!:laugh:
     
    #5 Nonsequitur, Sep 9, 2009
  6. poncho

    poncho Well-Known Member

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    The Federal Reserve is not a government agency.
     
    #6 poncho, Sep 9, 2009
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