Bloomberg News filed a Freedom of Information Act lawsuit against the Federal Reserve on November 7 to find out who is getting the $2 trillion in bailout money. The Federal Reserve told them to shove it.
The Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets and commercial information.
“Notwithstanding calls for enhanced transparency, the Board must protect against the substantial, multiple harms that might result from disclosure,” Jennifer J. Johnson, the secretary for the Fed’s Board of Governors, said in a letter e-mailed to Bloomberg News.
“In its considered judgment and in view of current circumstances, it would be a dangerous step to release this otherwise confidential information,” she wrote.
You think Madoff's $50 billion fraud was something? He's a patzer compared to these guys.
Federal Reserve refuses to disclose the recipients of $2 trillion in emergency loans
At last night’s South Carolina debate of Democratic Party candidates, Mike Bloomberg quickly corrected himself after saying he “bought” recent Dem congresspersons. “I bought, I—I got them.”
“Rioters roamed the streets with iron rods and wooden sticks, demanding to know whether people were Hindus or Muslims. Mosques were damaged and shops were set ablaze”
Bad news: Your brain reaches its peak performance sometime before you turn 26, and it’s all downhill from there. Good news: At any age, training with brain exercises has big-time benefits. Better news? The Ultimate Memory Mastery Bundle hooks you up with 20 hours of proven psychology and neuroscience techniques to boost your brain and […]
Admit it…even having a pocket knife within reach at a moment’s notice makes you feel a little like James Bond, right? Like, if you run up against a locked vault or a sinister superweapon, all you’d need are a couple of hand-held tools to diffuse the whole situation and save the world. Look, we don’t […]
There’s no shortage of CRMs out there for large corporations, e-commerce companies, and booming startups to utilize. Think Salesforce, for example. But if you’re running a small business of ten employees max, there’s no way it makes sense to invest in an expensive, robust option like that. You’re better off using your old system of […]