Federal Reserve Seeks to Protect U.S. Bailout Secrets

Federal Reserve Seeks to Protect U.S. Bailout Secrets

www.bloomberg.com

The Federal Reserve asked a U.S. appeals court to block a ruling that for the first time would force the central bank to reveal secret identities of financial firms that might have collapsed without the largest government bailout in U.S. history.

The U.S. Court of Appeals in Manhattan will decide whether the Fed must release records of the unprecedented $2 trillion U.S. loan program launched after the 2008 collapse of Lehman Brothers Holdings Inc. In August, a federal judge ordered that the information be released, responding to a request by Bloomberg LP, the parent of Bloomberg News.

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This is probably one of the most important things going on in America right now. They have no right to hide what they are doing with our money. They create a system destined to fail, then when we give them 2 trillion and they won't even let us know what they did with it. I will continue to posts updates on the current federal reserve happenings.

www.bloomberg.com
(visit the link for the full news article)

reply to post by mosesgunner


Your post has a level of concern to it. Yes, these people are dishonest. I think that considering what humans are and what they have to offer it's a good thing we never mastered space travel.