Saturday, Dec 13, 2008
Trade secrets
ChrisMartenson: Fed Refuses to Disclose Recipients of $2 Trillion in Lending
Today the Federal Reserve effectively freaked out in the foxhole and declared the spirit of democracy, if not the rule of law, to be disposable conveniences of better times.
In response to a freedom of information act request by Bloomberg News for the names of the institutions receiving public money, the Fed invoked an obscure rule to block the release of this information.
Posted by gardeniadotnet @ 10:36 AM (405 views) Add Comment
4 Comments
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1. braindeed said...
Pff........some people are so nosey
2. paul said...
Bank of England has does exactly the same thing. The Freedom of Information Act specifically states that there is a very strong public interest case when state money is given to private industries, yet the BoE claims that they will not respond to FOI requests.
Is that legal? I doubt it.
3. plato said...
Transparency???????
4. crunchy said...
I know that marshall law was threatened upon American congress if they did not agree to the bailout which now stands at around $8 trillion.
A clause was set as to the blocking of information with regards to the destination of funds.