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Posts Tagged ‘treasury’

Billions Dished Out in the Shadows

aigscheer_399

Robert Scheer | Truthdig | March 3, 2009

This is crazy! Forget the bleating of Rush Limbaugh; the problem is not with the quite reasonable and, if anything, underfunded stimulus package, which in any case will be debated long and hard in Congress. The problem is with what is not being debated: the far more expensive Wall Street bailout that is being pushed through—as in the case of the latest AIG rescue—in secret, hurried deal-making primarily by the unelected secretary of the treasury and the chairman of the Federal Reserve.

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Fed Refuses to Release Bank Lending Data, Insists on Secrecy, Says it Isn’t Subject to FOIA Law

cryptogon.com | Thursday, March 5, 2009

HA. Bloomberg is trying to apply FOIA to the Federal Reserve. Well, to those of you who still believe that the Fed is part of the U.S. Government, pay close attention:

The Board of Governors contends that it’s separate from its member banks, including the Federal Reserve Bank of New York which runs the lending programs. Most documents relevant to the Bloomberg suit are at the Federal Reserve Bank of New York, which the Fed contends isn’t subject to FOIA law. The Board of Governors has 231 pages of documents, which it is denying access to under an exemption under trade secrets.

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