2. The FED has something to hide as they acted clearly outside legal boundaries as they manipulated many markets especially the stock market which is what they really try to hide in my view, not the health of financial system or single institutions as they claim. The whole Obama Admin is a very obscure club which does not differ at all from the Bush boys and transparancy is the thing which they owe the public immediately or they have to step down - they can not throw around with trillions and keep it a secret , especially not when banks are about to pay record bonuses. The jurisdiction is as corrupt as the legislation and execution as democracy is now a complete charade and the actions are dictated by a small elite of families running the western civilisation - revolution is the answer but they have a contingency plan already up their sleaves - which is war to destruct the Mainstreet anger.
Federal Reserve Seeks to Block Release of U.S. Bailout Secrets
By David Glovin
Jan. 11 (Bloomberg) -- The Federal Reserve will ask 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, after hearing arguments in the case today, 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.
Bloomberg argues that the public has the right to know basic information about the “unprecedented and highly controversial use” of public money. Banks and the Fed warn that bailed-out lenders may be hurt if the documents are made public, causing a run or a sell-off by investors. Disclosure may hamstring the Fed’s ability to deal with another crisis, they also argued. The lower court agreed with Bloomberg.
“The question is at what point does the government get so involved in the life of the institution that the public has a right to know?” said Charles Davis, executive director of the National Freedom of Information Coalition at the University of Missouri in Columbia. Davis isn’t involved in the lawsuit.
The ruling by the three-judge appeals panel may not come for months and is unlikely to be the final word. The loser may seek a rehearing or appeal to the full appeals court and eventually petition the U.S. Supreme Court, said Anne Weismann, chief lawyer for Citizens for Responsibility and Ethics, a Washington advocacy group that supports Bloomberg’s lawsuit.3. I had quoted Baba Vanga about a year ago and as the time has come for a very crucial prophecy of hers to be .....that WW3 will start Nov 2010 ( she has an amazing track record).
Baba Vanga predictions 2010 – 5079
Posted by: Mr. Lighthead on: September 30, 2008
Image via Wikipedia
Mr. Lighthead comments: Got this via e-mail. Well, if true we are awaiting one hell of a ride. If true. But then again, it’s been too long too quiet and maybe it’s time for another world war. Not that I want it. It’s just human behavior too go nuts once in a while an fuck up everyone and everything.
2010 – World War III. War will begin in November 2010 and end in October 2014. Will begin as usual, then nuclear will be used initially, and then chemical weapons.
2011 – As a result of the fallout of nuclear fallout in the northern hemisphere will not be any animals or vegetation. Then Muslims will wage war against chemical surviving Europeans.
2014 – Most people will suffer skin cancer and other skin diseases (a consequence of chemical warfare).
2016 – Europe almost lonely (empty).
2018 – New China becomes a world power. Developing countries in turn operated from exploiters.