Fed Refuses to Disclose Details of $2 TRILLION in Loans

*applause*

Hold on....Mr. Zero is looking out for you.

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.

The Federal Reserve System, including regional banks, the FOMC, and the Board of Governors, is a nebulous institution that spans both the public and private sectors. It's my understanding that the regional banks (such as FRB New York) are completely private and owned by member banks (such as JPM Chase, Citi, et al.) while the Board of Governors and the FOMC are...public entities? FOIA would thus apply to the public sector portions of the Fed.

I wonder if the confusion is deliberate.

Well, we know that some, if not most, of the mystery money is going to people and programs that are destined to further the destruction of the USA.

According to Business Week, CitiBank transferred 3.9 Billion USD bailout money to Ratan Tata to pay for replacement workers from India - then Citibank fired 53,000. This is billions of our tax dollars going straight to India, to Ratan Tata. Executives of Citibank are squandering the balance of the bailout money on lavish parties and perks.

India's Tata Wins Big Citi Outsourcing Deal
TCS acquires Citigroup Global Services—and bags a giant contract to provide outsourcing services to Citi for the next nine-and-a-half years
October 10, 2008, 7:36AM EST

It's festival time in India, and Tata Consultancy Services, the country's largest IT software and services provider, is celebrating with gusto. After months of speculation, TCS acquired Citigroup's (C) India-based outsourcing unit, Citigroup Global Services, for $505 million in an all-cash deal announced on Oct. 8. That's the largest-ever purchase for TCS. What's more, the company bagged a $2.5 billion contract to provide process outsourcing services, application development, and infrastructure support to Citigroup and its affiliates over nine-and-a-half years. "This transaction will complement our domain expertise and bring new capabilities to TCS that will help drive growth," says S. Ramadorai, chief executive officer of TCS.
... more at the link ...

As Job Losses Grow, So Do The Calls To Trim Visas, outsourcing
by John Zappe, Dec 5, 2008, 5:02 pm ET

It's festival time in India, and Tata Consultancy Services, the country's largest IT software and services provider, is celebrating with gusto. After months of speculation, TCS acquired Citigroup's (C) India-based outsourcing unit, Citigroup Global Services, for $505 million in an all-cash deal announced on Oct. 8. That's the largest-ever purchase for TCS. What's more, the company bagged a $2.5 billion contract to provide process outsourcing services, application development, and infrastructure support to Citigroup and its affiliates over nine-and-a-half years. "This transaction will complement our domain expertise and bring new capabilities to TCS that will help drive growth," says S. Ramadorai, chief executive officer of TCS.
... more at the link ...

NoSlaves.com

Sponsors of More H-1B Guest Worker Visa Bills Who Lost Their Seats
November 5th, 2008 · 2 Comments

While Obama positions a notorious Corporate lobbyists’ wet dream as his chief of staff, how exactly did those who sponsored H-1B or other guest worker Visas devised to labor arbitrage U.S. citizens fare in this election?

Gordon Smith [R-OR] - Sponsored S.1029 a major H-1B increase plus promoted more guest worker Visas in his campaign
Lost to Jeff Merkley - Numbers to be updated

John Sununu [R-NH] - Sponsored S.2839, a major H-1B and F-4 bill
Lost to Shaheen, 52% to 45%

Elizabeth Dole [R-NC]- Co-Sponsored S. 2868, which gave anyone a green card or Visa who simply obtained an advanced degree, a true disaster for US workers
Lost to Hagan, 53% to 44%

Tom Feeney [R-FL 24] - Co Sponsored H.R. 1930, yet another massive H-1B and F-4 increase against United States Professionals
Lost to Kosmas, 57% to 41%

Thelma Drake [R-VA-10] - Co-sponsored H.R. 1930
Lost to Nye, 52% to 48%

Could there be a mandate, completely unnoticed by the Press that Americans want our representatives to put U.S. Citizens, American workers first for jobs in America?

One major lobbyist group already issued a press release letting the entire world know that they not only own Obama but are guarateed to get their labor arbitrage agenda passed, regardless of what the American workforce thinks.