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The Federal Reserve Wants To Hide 'Bad Lemon' Banks For Another Three Months
Business Insider ^ | Aug. 26, 2010 | Vincent Fernando

Posted on 08/26/2010 7:34:04 AM PDT by george76

The Federal Reserve has asked a U.S. appeals court to delay disclosure of emergency lending provided to banks during the crisis...

Is the financial system still not strong enough for the market to know the truth? The view seems to be that we're not ready. Thing is, longer-term the markets would probably be better off if they weren't denied this basic information -- Such as which banks received more or less support from the government ...

(Excerpt) Read more at businessinsider.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government; News/Current Events
KEYWORDS: bank; banking; banks; bhoeconomy; fdic; federalreserve; problembank; problembanks
Nice, after the elections? .
1 posted on 08/26/2010 7:34:07 AM PDT by george76
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To: george76

EGGZAKTLEE


2 posted on 08/26/2010 7:35:49 AM PDT by mountn man (The pleasure you get from life, is equal to the attitude you put into it.)
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To: george76

And then delay it for another two years after that, and then delay it for another...


3 posted on 08/26/2010 7:38:56 AM PDT by Qbert
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To: george76

Letsee....aug. sept. oct. NOV!

Yup friggin figures.


4 posted on 08/26/2010 7:51:00 AM PDT by Gasshog (going to get what all those libs asked for, but its not what they expected.)
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To: george76

It is time for the Fed to be audited, and perhaps disbanded.


5 posted on 08/26/2010 7:51:34 AM PDT by kosciusko51
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To: george76
Nice, after the stolen elections? .

Fixed.


Frowning takes 68 muscles.
Smiling takes 6.
Pulling this trigger takes 2.
I'm lazy.

6 posted on 08/26/2010 8:06:06 AM PDT by The Comedian (Evil can only succeed if good men don't point at it and laugh.)
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To: george76

In other words until after the election.


7 posted on 08/26/2010 8:06:40 AM PDT by Menehune56 ("Let them hate so long as they fear" (Oderint Dum Metuant), Lucius Accius, (170 BC - 86 BC))
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To: george76

Doesn’t it comfort you to know the Fed is an “independent” agency free of any political influence?


8 posted on 08/26/2010 9:25:03 AM PDT by DrC
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To: george76

The banks knew before they took the money that it would become public knowledge. So did the Federal Reserve.

The leaders of these institutions need to behave like adults and play by the rules.


9 posted on 08/26/2010 10:01:33 AM PDT by frposty (I'm a simpleton)
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To: frposty

How about all the loans these bad banks made? some are one branch banks. Some in rural farm areas or small towns. This delay is just cover to allow big bank takovers.

These small banks are so restricted they are prohibited from helping their customers rewrite loans.


10 posted on 08/27/2010 8:13:34 AM PDT by longtermmemmory (VOTE! http://www.senate.gov and http://www.house.gov)
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