Court orders "Fed" to Disclose Bank Loans

[thatJeffguy]

http://www.bloomberg.com/apps/news?p...d=a7CC61ZsieV4

Aug. 25 (Bloomberg) -- The Federal Reserve must for the first time identify the companies in its emergency lending programs after losing a Freedom of Information Act lawsuit.

Manhattan Chief U.S. District Judge Loretta Preska ruled against the central bank yesterday, rejecting the argument that loan records aren’t covered by the law because their disclosure would harm borrowers’ competitive positions.

Good win! Now if we can get Ron Paul's bill to Audit these bastards underway, we'll be back to having our own country. Frankly, I feel that we'll see that Bernanke & co, plus predecessors, are very culpable for our current economic situation. I can't WAIT! This is a BIG BOOST for us!

[andrewjs18]

http://www.bloomberg.com/apps/news?p...d=a7CC61ZsieV4





Good win! Now if we can get Ron Paul's bill to Audit these bastards underway, we'll be back to having our own country. Frankly, I feel that we'll see that Bernanke & co, plus predecessors, are very culpable for our current economic situation. I can't WAIT! This is a BIG BOOST for us!

it's up to 282 co-sponsors..I have a bad feeling Barney Frank is going to smack it down any way possible.

[camper]

While it would be a good thing to see what the fed is up to, why do I suddenly feel like Bluebeards wife about to open the door to the secret room?

camper

[Elmar]

Yeah we need a massive and I mean massive writing (as in hand written letters) to Dems to put pressure on Frank.

[andrewjs18]

Yeah we need a massive and I mean massive writing (as in hand written letters) to Dems to put pressure on Frank.

there is a lot of support for the 1207 bill, but who knows how it would go if it came down to a vote.

[velkly]

Frank is so involved in the underbelly of problems he has no choice but to roadblock it with everything he has. Expect a huge battle, but in the end right will prevail.

[ByAnyMeans]

Let's hope this is not killed by Frank, I will definitely be following this one.

[Calvin]

Frank is so involved in the underbelly of problems he has no choice but to roadblock it with everything he has. Expect a huge battle, but in the end right will prevail.

Are you all telling me that you have not heard about the fires that took place all across the country destroying all paper evidence of any wrong doing. If I am not mistaken all the computer records were destroyed by some weird kind of virus that only affected those particular records.

OH wait that does not happen for a few more weeks yet.

[ByAnyMeans]

Are you all telling me that you have not heard about the fires that took place all across the country destroying all paper evidence of any wrong doing. If I am not mistaken all the computer records were destroyed by some weird kind of virus that only affected those particular records.

OH wait that does not happen for a few more weeks yet.

HAHAHA, so true.

[andrewjs18]

Let's hope this is not killed by Frank, I will definitely be following this one.

http://www.auditthefed.com/

good place to bookmark to follow it.