Relevant:
- Final Count: Pittman Wins, Fed Loses, As Supreme Court Refuses To Grant Confidential Data Disclosure Appeal Sought By Banks
- Obama Regulatory Reform Plan Officially Establishes Banking Dictatorship In United States
- Fox Business sues Fed for information on bailouts
- Roubini and Shiller on Bloomberg
- Bernanke’s Fed: The Only Decent Thing to Do Is to Deceive Us
2008-12-12 — ml-implode.com
The Fed has refused to comply with Bloomberg’s request for information regarding its massive new lending programs. The Fed is worried such a disclosure would reveal all the big banks are effectively bankrupt, causing widespread panic and, I suppose, a possible run on the entire banking system.
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