Bloomberg Sues Federal Reserve Over Secrecy, Fed Claims It Is Above the Law
By Mike Adams, November 10, 2008 | Key concepts: Federal Reserve, Financial crisis and Bloomberg
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For those following the great looting of the American republic by the Federal Reserve, this story tells you just about everything you need to know: Financial news publisher Bloomberg wanted to know where the $2 trillion in Fed bailout money was going, so it asked the Fed to disclose the recipients of the cash. The Fed refused, so Bloomberg filed a FOIA request (Freedom of Information Act). Get this: The Fed said it did not have to comply with FOIA because it's not part of the federal government! Yes, the Fed has just admitted it is, indeed, a private corporation, not a government department. So now Bloomberg is suing the Fed to try to get the list of recipients. The big question to anyone paying attention is: Why all the secrecy? What does the Fed have to hide? (Hint: Perhaps it has something to do with the largest financial swindle in the history of the world...)
From Blogs.abcnews.com: Bloomberg News today filed a lawsuit to force the U.S. government -- specifically the Federal Reserve -- to disclose which securities it is accepting as collateral for $1.5 trillion of loans to banks, such as Citigroup Inc. and Goldman Sachs Group Inc. (This doesn’t include the $700 billion bailout package).... more
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