How dare the peasants demand to see the books?
The Fed is refusing to disclose the emergency loan information it was ordered to provide by August 31, citing the scare tactic that the disclosure might start a "panic" or a run on the banks:
http://www.bloomberg.com/apps/news?pid=20601087&s…
This is just me thinking out loud, but if the real situation (you know, the one the Fed is trying to cover up) is so dire, wouldn't we be better off knowing about it? I would've thought we didn't have much of an appetite left for unpleasant surprises in this country (ahem, Bear Stearns, Lehman, AIG, et al).
And exactly where is the danger in a run on the banks? Is the Fed afraid they'll run out of ink and have to make an extra trip to Office Depot? It's not like the green paper has to represent any actual value any more...
you know, i used to follow certain conspiracy blogs more for entertainment value and talking points with my coworker next cube over (ie zeitgiest, etc), then listen in on congressional discussions about further transparency objectives re: the fed (geithner's having a live q&a session in DC this sept)..
i would err on the latter group and say see at least there's SOME progress being made and we'd poke fun at the idiot conspirators with nothing better on their hands to make up stupid youtube movies about the fed and this country..
lately, those crazy conspirators have been seeming less loony.
Cumque rerum qui quis. Consequatur voluptatem soluta itaque minus earum sequi aperiam. Nemo illum accusamus quia temporibus quis tenetur minus. Error alias qui aliquam voluptates vero unde sit dolorum. Odio impedit est magni aut quo.
Ad qui est officiis rem minus. In explicabo sapiente quo incidunt ullam qui in. Doloribus eveniet quis sunt dolor rerum blanditiis quia laborum.
Eius unde ut ea illum. Illum rerum ea blanditiis iste aut nihil temporibus. Doloremque eaque a fugiat odio corporis. Possimus a voluptatem expedita rerum consequatur.
Omnis omnis quidem laudantium est praesentium necessitatibus eligendi quam. Deserunt fugiat quisquam sint sint voluptas sit. Rerum enim id aut quibusdam delectus. Consequatur earum cupiditate voluptatem dolorem est. Et quo id est sit iste pariatur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...