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Fed Forced To Turn Over Records To Bloomberg News

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If you’re not familiar with the history of the Federal Reserve, it’s hard to understand what has happened with this ruling, but it’s huge. We will get the first look at these types of workings within the Fed from the first time it was launched in 1913. It will only be a glimpse of their recent actions, but that should open up a crack which hopefully will lead to a full-fledged audit of the Federal Reserve based on the HR 1207 bill introduced by Rep. Ron Paul...

Renegade Economist

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Unsurprisingly, "delayed" <_<

Judge Sets Sept. 30 Deadline for Fed to Appeal Disclosure Order

Aug. 28 (Bloomberg) -- The Federal Reserve has until Sept. 30 to appeal a federal judge’s order requiring the central bank to identify financial institutions that benefited from its emergency loans.

The Fed’s Board of Governors asked Manhattan Chief U.S. District Judge Loretta Preska to delay enforcement of her Aug. 24 decision that the identities of borrowers in 11 lending programs be made public by Aug. 31. The central bank wanted Preska to stay her order until the U.S. Court of Appeals in New York can hear the case.

The Fed’s “ability to effectively manage the current, and any future, financial crisis†would be impaired, according to the Fed’s motion for a stay. It said “significant harms†could befall the U.S. economy as well.

Bloomberg LP, the New York-based company majority-owned by Mayor Michael Bloomberg, sued on Nov. 7 under the Freedom of Information Act on behalf of its Bloomberg News unit.

Fed lawyer Kit Wheatley told Preska in a conference call yesterday that it could take 30 days for the Fed to get permission for an appeal from Solicitor General Elena Kagan, the administration’s top courtroom lawyer.

Preska told the Fed they must file for an emergency appeal within three days of receiving permission with an ultimate deadline of Sept 30. The judge left it up to the Court of Appeals to decide whether to continue staying her order to disclose once the appeal is under way.

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If the bill is passed presumably we won't just get to see the recent schenanigans, but everything dating back to 1913 (unless of course they've shredded it).

World War One and Two were encouraged by the plutocrats if the conspiracy theorists are to be believed. We may be about to find out.

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The Fed’s “ability to effectively manage the current, and any future, financial crisis†would be impaired, according to the Fed’s motion for a stay. It said “significant harms†could befall the U.S. economy as well.

:lol::lol: The irony of it all.

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Standby for a 'disastrous fire'

'All records destroyed'.

A 'terrorist attack' wouldn't wash?

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Reminded me of this

Posted in Crime, 28th August 2009 19:40 GMT

The US Federal Reserve Board chairman has become the latest high-profile public figure to fall victim to identity theft.

Ben Bernanke, whose day job leaves him in charge of the US money supply, became the victim of fraud after a pick pocket stole his wife's handbag from a Starbucks shop in Washington's Eastern Market. Credit cards, cheque books, cash and a driver's license were taken as a result.

This information was used to pass fraudulent cheques in Bernanke's name. Despite his status in the banking industry, no immediate alarm bells appear to have rung

:lol:

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Reminded me of this

"This information was used to pass fraudulent cheques in Bernanke's name. Despite his status in the banking industry, no immediate alarm bells appear to have rung"

:lol:

:lol: 'despite' is not the word is it...

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