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Message: Fed urges secrecy on banks in bailout programs

Fed urges secrecy on banks in bailout programs

posted on Aug 28, 2009 11:17AM

would you buy shares of a company that refused to be audited? i'd figure something had to be wrong. ed steer hits the nail on the head:

Today's second story is from reuters.com. The first paragraph reads... "The U.S. Federal Reserve has asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy." Golly gee!!! I wonder what we'd find out? One can only guess, dear reader, how ugly it really is under the hood. This is a really important story as far as "We, the people..." are concerned, and we should all be paying close attention to the outcome. No doubt [behind the scenes] the judge will be under enormous pressure to back down. Let's hope she's got the gonads to stand up and do what is right. The link to this 'must read' story is here.

http://www.caseyresearch.com/displayGsd.php

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