Fed refuses to identify recipients of $2 Trillion

Bloomberg via Ron Paul News ^ | 2008-11-10

[rabscuttle385]

Link only due to FR policy.

[rabscuttle385]

To summarize: Bloomberg (the news service) filed a FOIA request with the Fed and filed a lawsuit against the Fed on Nov. 7 seeking details of who is borrowing from the Fed and what securities are being used as collateral. So far, the Fed's lending to banks and other financial institutions has topped $2 Trillion, including the $700 Billion approved by Congress under the infamous bailout bill. The Fed refused to comply.

[illiac]

Bummer....you beat me by seconds....

[rabscuttle385]

Well, well, well...look what the cat dragged in this morning...

The Money, Banking, and Financial Markets Ping List. "Money, not morality, is the principle commerce of civilized nations." —Thomas Jefferson FR Keywords: moneylist, bankinglist, financelist Please tag all relevant threads with the aforementioned keywords. This can be a very high-volume ping list at times. Ping list jointly pinged by rabscuttle385 and TigerLikesRooster. To join the ping list: FReepmail rabscuttle385 with the subject line add  moneylist. (Stop getting pings by sending the subject line drop moneylist.)

[rabscuttle385]

Ping!

[rabscuttle385]

Sorry!

[ken21]

it sure escalated fast!

[illiac]

It’s OK....best we get it out there....thx

[allmost]

The Fed has way too much power. Backdoor dealing with impunity because so much of congress is in on it as well. It’s starting to look like some sort of thieves guild where everyone is afraid to rat on everyone else so they all get away with whatever they want.

[Principled]

just damn.

this is our money - and they won’t tell us to whom our confiscated dollars go?

jeez i’m glad i have money “elsewhere”

[BGHater]

[TigerLikesRooster]

Hmm.. is this a new black hole? Or is it something we already know but turning out to be more serious?

Many big transactions are "dark" these days. We have dark pools and dark liquidity, too. Finance morphed into a cload-and-dagger style playground. Market transparency in my ass.

The recovery of financial markets should introduce more transparency. Instead, we have more and more opaque and secretive markets. This is not the way to promote well-functioning free market. This is another way of saying that we are totally cooked and they are hiding many ugly secrets to cover up the true magnitude of crisis and postpone the inevitable fall with tax payers' money or money printing press. No good would be coming out of this.

[TheRiverNile]

It's almost game...set...match for America. 2 Trillion is more than $10,000 for every single taxpayer. That's all additional debt/inflation that we didn't have 60 days ago.

[volslover]

This is lack of accountability is nothing short of obscene! First they go against the majority of the people and now we can’t see who is borrowing money and they want to raise my taxes for moochers. It is one thing for Moochers to work off their welfare or people who have to get private bailouts work it off, they blame all of the conservatives for high living and go against the majority of the public and we can’t even know who is borrowing what and they want to raise our taxes for more than just Peggy Moocher but for these sh*ts as well and we can’t know who they are?? Time for an environmentally friendly tea party. Well now that the Brits are kicked out, make that a coffee party unless it is in the South, an ice tea party. Anyway, this is serious and we have a right to know, racist or really redneck or not!

[djsherin]

Hmmm, corruption?

[djsherin]

Hmmm, corruption?

[dalereed]

“Time for an environmentally friendly tea party.”

Get rid of the environmental friendly part and i’ll join!

[TenthAmendmentChampion]

And this is under the Bush administration! Imagine how “transparent” things are going to be under 0bama!

Today’s recommended investments: gold, guns and MREs. And arable land if you can find it and afford it.

http://www.freerepublic.com/focus/f-news/2125287/posts

[Roccus]

What happened to the "transparency" we were promised when the $700,000,000,000 bail-out bill was being passed by the criminals in Congress...and I'm talking about BOTH parties!

[RckyRaCoCo]

No problem, as a taxpayer I will end up MAKING money from this /s

[Glenn]

bttt