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Important Government Transparency Issue

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posted on Feb, 23 2009 @ 08:10 AM
link - Snippet from source:
"Bloomberg News asked the Federal Reserve Board to disclose the securities that the central bank is accepting from banks on behalf of taxpayers as collateral for $1.5 trillion in loans to the banks, according to a November Bloomberg news report by Mark Pittman. Bloomberg News was stonewalled and sued the Federal Reserve to get the documents.

Government Attic has posted some documents from the Federal Reserve relating to the Bloomberg request; they start a few pages into the document posted here:

Note that even documentation concerning the risk has been deemed a state secret.

There has been no change in direction at the Fed since then. It appears that the Federal Reserve is continuing its policy of incredible opacity despite the instructions issued by President Obama in January.

In light of the amount of taxpayer money currently at risk, and the weakness of the rationales given for the secrecy, this may be one of the most important government transparency issues ever addressed."

posted on Feb, 23 2009 @ 08:39 AM
reply to post by BetweenMyths

If you TRY to read between the lines, this MIGHT be related...

Welcome to The Real Matrix: Time for The Red Pill?

A similar Thread...just so ya know...
Treasury ordered to turn over bailout records

[edit on 2/23/2009 by Hx3_1963]

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