Fed Refuses to Release Bank Data, Insists on Secrecy

[Area52]

What audacity. Before this is over over, a lot of civil servants (and bankers) are going to get tarred and feathered.
That won't bring your money back though.

http://www.bloomberg.com/apps/news?p...d=aG0_2ZIA96TI

[Compassion]

Well since the money has been completely worthless and imaginary it will be hard to bring back something that never existed.

Of course they have to keep it secret - if it was openly revealed that the money is printed out of thin air and then lent out via the fractional reserve manifesting more imaginary money...the sheep may just begin to understand the scam that we have been living through for three generations.

[Gerry]

Well, what do you expect when the Paulson plan was conceived and given the green light by the Pres even before it was given to congress:

Sec. 8. Review.

Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court of law or any administrative agency.

While you are reviewing the actual text, look for these key numbers and phrases:

700,000,000,000

at a time

3 trillion

[Compassion]

"The very word "secrecy" is repugnant in a free and open society; and we are as a people inherently and historically opposed to secret societies, to secret oaths and to secret proceedings. We decided long ago that the dangers of excessive and unwarranted concealment of pertinent facts far outweighed the dangers which are cited to justify it. Even today, there is little value in opposing the threat of a closed society by imitating its arbitrary restrictions. Even today, there is little value in insuring the survival of our nation if our traditions do not survive with it. And there is very grave danger that an announced need for increased security will be seized upon by those anxious to expand its meaning to the very limits of official censorship and concealment. That I do not intend to permit to the extent that it is in my control. And no official of my Administration, whether his rank is high or low, civilian or military, should interpret my words here tonight as an excuse to censor the news, to stifle dissent, to cover up our mistakes or to withhold from the press and the public the facts they deserve to know." JFK

[Acro]

"In terms of the economy, look, I inherited a recession, I am ending on a recession."

George W. Bush - Washington, D.C., Jan. 12, 2009

[Gerry]

I am still amazed and perplexed that in 2008, some one came up with a scam and a scheme that allowed someone to keep the vault doors open and drain taxpayer money, our money, and to write into law that they could do any damn thing they pleased and no one has the right to question what? but? why? how? who? or say WAIT!

[Raider]

"In terms of the economy, look, I inherited a recession, I am ending on a recession."

George W. Bush - Washington, D.C., Jan. 12, 2009

Yes, Bush took us out of a recession and from 2001 to 2007, the economy was doing pretty well despite the cost of fighting 2 wars. Were not in a recession because of Bush's failed economic policies like Obama tries to convince us, Were in a recession because the bubble Congress and the banking industry created, blew up in our face.

[Acro]

Raider, actually that quote is a Bushism and as close to reality as Dr. Seuss.

[Tia Wood]

That won't bring your money back though.

I'm starting to believe this was never "taxpayer’s money". If it was truly our money we would get a say in what happens to it. Instead, it's taken. I believe they use the term "taxpayer’s money" to make us feel better, avoid riots and keep paying taxes. In reality, we have no say so. Try it. Try calling your local politician and tell them exactly where you want your taxes to go.

In other words....we have no rights when it comes to topics like this, unfortunately.

[Gerry]

If it was truly our money we would get a say in what happens to it. Instead, it's taken. I believe they use the term "taxpayer’s money" to make us feel better, avoid riots and keep paying taxes. In reality, we have no say so.

Well, we must have been the only two who missed that offering to buy Bear Stearns stoke for $2.00 a share.

You remember, that behind the door weekend hush-hush secret meeting where Bernenke and Paulson brokered the sale of all of BS to JP Morgan for a little over $200 million?

How does an one asset alone, their headquarters building in downtown Manhattan, get included in the sale when it has an estimated value of $1.5 billion?




Where is my room with a view?





And, gee we missed out on that memo just in time for the deal to be made at $2.00 a share on a Saturday and suddenly it shot up to $10.00 a share on the Asian Market open on Monday morning.

Just how much money did the Berneke and Paulson cronies make in two days? 500% profit?

And counting?

------------------------
Actually, I just found the penthouse I bought -



It is somewhere among these FEMA trailers stored in Arkansas.

Amazing, instead of a room with a view I get a room filled with 5 times the safe level of formaldehyde.

The good news is when I die the government will not have to pay for embalming me as I will already be pickled.

[Creature]

Has anyone seen this vid before? The truth about the Fed system explained here in a 1994 lecture. http://www.youtube.com/watch?v=F3TAh1gy6rc
Check out Griffins other lecture on B17 and cancer for an even bigger shock.

[Donald Aquilano]

Under what legal premise can they not disclose the banking data? Are they just going to ignore the U.S. Freedom of Information Act?

So much for transparency in the Obama era.

I'm starting to believe this was never "taxpayer’s money". If it was truly our money we would get a say in what happens to it. Instead, it's taken. I believe they use the term "taxpayer’s money" to make us feel better, avoid riots and keep paying taxes. In reality, we have no say so. Try it. Try calling your local politician and tell them exactly where you want your taxes to go.

In other words....we have no rights when it comes to topics like this, unfortunately.

It IS our money. Future generations of Americans will have to pay for all of this "stimulus" money being printed.

[Compassion]

Sadly the constitution just doesn't matter to the bankers...Particularly to Obama and his Wall Street backed cabinet...

And in reality none of us are obeying the constitution by willingly utilizing unconstitutional paper for our day to day activities...

[jasdon11]

You remember, that behind the door weekend hush-hush secret meeting where Bernenke and Paulson brokered the sale of all of BS to JP Morgan for a little over $200 million?

How does an one asset alone, their headquarters building in downtown Manhattan, get included in the sale when it has an estimated value of $1.5 billion?

You can't look at one single asset and say that the company was undersold - there are liablities to consider. A company may own a $billion dollars of assets but if there are $1000,000,001 of liabilities, it's insolvent.