Fed Refuses to Disclose Details of $2 TRILLION in Loans

Military.com ^ | 11/10/2008 | Mark Pittman, Bob Ivry and Alison Fitzgerald

[uncommonsense]

What a … words are failing me right now … big stinking crap sandwich!!!

[rabscuttle385]

Barney Frank’s screwing of the United States and her citizens is perverse, sick, and just plain wrong.

[FarRightFanatic]

HOW can we STOP this??? Do we have ANY rights left? Will NO ONE speak for us?

[Eyes Unclouded]

Can’t. Very few, not for long. Nope

[EyeGuy]

A breakdown by RACE would be highly illustrative, but also highly politically incorrect, and thus, will never se the light of day.

[quack]

Fox Business News and Bloomberg are sueing for this information under the Freedom of Information Act.

[Mad Dawg]

Shut up, you intolerant peons! It is not for the likes of us to know what our Ruler is doing.

[Wolfie]

Why the window dressing? Just start dropping off pallets of greenbacks around the country.

[MaxMax]

But, But, the king has no clothes on, or teeth..

[ignorancerunsrampant]

The Peak of Greatness ... is behind us!

The money is going to publicly traded companies that are wrth crap.

GM, GE, AMEX, GS, MER, AIG are all swirling around the drain, and the only reason that have not gone down the drain is because Paulson has plugged the drain with $700 BILLION in taxpayers money. When that money gives way major corporations will flow freely down the drain. Companies that have been mis-managed need to be purged from the system. If they can regroup, retool, down size they will survive and if they do not survive ... they did not deserve to.

[dotan]

OK., so, here's a theory. While we were all distracted by the national election, Wall Street CEOs, the Treasury Department, and the Federal Reserve System staged a coup d'état. Now they need to loot and scoot before the lights come back on.

More and more and I am beginning to believe that big business, big banks, and the entire equity sector were never our friends, as evidenced not just by this monstrous plundering of public funds, but by how many CEOs, hedgies, and Wall Street elites now suddenly crowd beneath Obama's banner.

http://www.cato-unbound.org/2008/11/10/roderick-long/corporations-versus-the-market-or-whip-conflation-now/

[Issaquahking]

Bill Hemmer of FOX news, said on his show (BYA) that FOX has filed a Freedom of Information Act, and that the government has 18 days left to respond. If they fail to respond, (lawsuit pending) it will get interesting, quickly.

[politicket]

Fox Business News and Bloomberg are sueing for this information under the Freedom of Information Act.

Maybe someone needs to inform these guys that the FOIA only applies to government institutions.

The Fed is not a government institution. It is a private company.

Also, the bailout bill gave very specific dictatorial powers to Treasury Secretary Paulson. So even if they went after the records from the U.S. Treasury they would still be out of luck. The bailout bill specifically protects Paulson from having to disclose ANYTHING that he decides to do.

Don't these Congress-critters read what they pass?

And yet, we still vote the same clowns into office. Shame on us.

[Brett66]

They’re scared and they’re letting them flail around in desperation hoping that somehow it’s going to be fixed if they throw enough money at it.

It’s not going to get fixed, but at least their savior Obama gets to be the one to sort this out.

Maybe he’ll sign us up for the Kyoto treaty, that’ll fix it!

[ignorancerunsrampant]

IT was THE FLEECING OF THE AMERICAN PUBLIC

[gathersnomoss]

It looks as though Fox has, at least for the moment, removed their head from their @$$. We’ll see where it get’s them.

[gathersnomoss]

Crap.

[Realism]

HOW can we STOP this???

Move to an isolated place, cut all ties to the outside world. Grow food and cut firewood for entertainment.

[gathersnomoss]

“It’s The Most Wonderful Time Of The Year”....ding, dong, ding, dong.....

NBFD, nothing to see here....please move along....

[M203M4]

I think we are supposed to trust our wise and benevolent leaders without question. They will surely protect the value of our currency, carefully spend our money, and perhaps tend to our needs - interfering in their work could threaten the balance of the fiscal universe, as they only know what to do and can only work independently of the peons. It is terrible that us bumpkins want to know what is going on - looking at the man behind the curtain could destroy confidence in his great powers and wisdom.

Watch TV and buy stuff gentle sheep. The 4th quarter debt-repayment plans need a strong Christmas retail season! The steward's of the financial system are keeping careful watch, and will surely, in their infinite wisdom (which we should infer from a near-century of flawless operation), keep us safe from danger. Sleep soundly, fear not, and question not!

(sad thing is...I've read pretty much the same stuff on FR)