Something tells me that somewhere in DC and New York that some serious paper shredding is going on.The Feds lawyers will simply claim that all the relevant records have gone "missing" and that will be that or they will appeal this for years in hopes of the public's attention being focused elsewhere...

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They have to disclose everything now? yeah, right. they will disclose a bunch of lies. Oh, nice, that is so much better.

Definitely as step in the right direction but I wonder if it will ever go any further. The Federal Reserve has a lot of power, that being the infamous "shadow government", behind it. We will see.

Why don't they want to see which banks got the funds?

Some banks it will be shown received significantly more, thus, less solvent.

Some banks received funds who didn't need them, like Goldman Sachs

Some banks were not banks, like AIG

Some banks received direct payout through corporations like AIG .. something the legal system calls "Money Laundering"

Some banks were not even American banks.. it's already suspected that French, Canadian, English and Chinese banks, among others, received Federal Funds from our Central bank...

The Federal Reserve has admitted to "currency swaps" with other foreign banks

The CDS Payouts through AIG were often sent overseas to foreign banks

In short to audit the Fed is to basically show in detail to the American people that they were pleasantly put in a situation where they were told America NEEDED their money, they were then clubbed over the head when they didn't comply, and robbed blind. Just to find out we sent a good chunk of that money to other countries to keep them happy with us. I would use such a report as evidence of High Treason and Sedition.

Well... there is also the matter of that 135 billion dollars in bearer bonds/notes seized in a briefcase at the train station in Northern Italy from two Japanese Nationals. That one stunk the high heaven from the start. They were released, not arrested, Japan drug its feet verifying their identity, and it looks like they may have been connected with the government in some way, and the Fed / Treasury took a few weeks to get its story straight. Ultimately declaring them to be fake.

Funny how all this went down when Geitner was in Southern Italy.

I imagine that a lot of stuff would percolate to the surface.



[edit on 26-8-2009 by RoofMonkey]

Let's see.

Will this be Friday or Monday then?

I just love the Federal Courts !!!

I bet that the 300 families that own the Federal Reserve are all having some very tight SPHINCTER reactions about this news. LOL ! Finally, their dealings will be EXPOSED and WE will finally have a road into them SCREWING us over all these years.

WAY TO GO .... FEDERAL COURT !

I still contend that no actual investigation will ever take place on the FED. The groups that run the FED control everything. They aren't going to let something a small as the constitution stand in their way. They didn't get to the power level they're at by worring about the laws of the land.

To be sure, with all the illicit money floating around, they have tangled the majority of Congress up in a web of acomplicies, and therefore have nothing to woryy about as far as any significant results coming from an investigation.

Remember folks, Congress has virtually turned over control of the government to a quasi official cadre of thieves, who have their own agenda in mind, and have no one to fear. They have been given catre blanche to do anything they want in the name of saving the economic future of our country, a problem which they created.

Not to be a wet blanket on the future of our country, but nothing will change till the country collapses, and a new system is started from the ashes of the old system. funny thing though, the only thing the new system needs to do, is brush off the dust off the constitution that we had, and use a perfectly good form of government that was hijacked by thieving jackals determined to ruin America for the profit of a few select families. As a nation, we have fell asleep to the warning bells of economic principles that make vodoo economics look like the work of a genius. Somewhere in the dust of years gone by, common sense left for a long vacation, and it was replaced by socialist thieves who told us their way was best, and if we didn't believe them, we were somehow non patriotic.

We are just entering the punishment phase of our fallout from common sense. Good sound financial choices that our grandparents would be proud of ,have been replaced by economic practices that Stalin, Lenin, and Kruchev would be proud of. Our leaders have embraced socialism as the new "American way". Our president, and all his kool-aid drinking croonies in congress, and the FED, are now in control. The changes America was promised during the race for the Presidency are happening now. I'm not sure that's Americans wanted, but that's what their getting. You can believe these were the changes Obama had in mind, even if you didn't

So complain all you want, protest all you want, call your representatives all you want, there's a new Socialist Czar in town, I mean President, and we are doomed by the choices of the masses, and we will get what we deserve, even if we collapse as a nation to a third world status, the process has begun. Sit back and watch the show, because it will be a historic presentation that will not be re -run again, a one time performance, with many Oscar worthy performances in many categories. Perhaps the most stellar category should be an award of pure gall by the FED chaiman telling America they know what's best for us, just relax, we got everything under control. And a special award for the President for telling the same story 50 different ways in the shortest ammount of time, and keeping a straight face while doing it. The president also gets a special award for best selective memory in the category of professional office. he apparenty forgot about the existence of video cameras that show him saying one thing one day, and saying the exact opposite the next. Anyway, act one is about to begin, and the curtain is rising. Enjoy America.
One last, last thing. For the record, I didn't like Bush II either. And for all you people that voted for change you can believe in---I hope you like what's happening, because you truly deserve what you get. Enjoy the show--you paid for it.

One point for the good guys! Take that you evil, greedy bastards!

No, its not Socialism.....its Corporatism under CAPITALISM...capitalizing on you and me!

As sad and wimpy as it is, I agree with mrpotatoehead. They do control all the media and informations. The info that would be released would be mucked up and not get reported and just fade away along with other of Obama's agenda items that got swept under the rug.