Who could have predicted that a Federal Reserve would abuse its authority by giving away over $2 trillion in “emergency loans” & an refuse to disclose a recipients of those loans when faced with a FOIA request by Bloomberg?

Bloomberg:

a Federal Reserve refused a request by Bloomberg News to disclose a recipients of more than $2 trillion of emergency loans from U.S. taxpayers & a assets a central bank is accepting as collateral.

Bloomberg filed suit Nov. 7 under a U.S. Freedom of Information Act requesting details about a terms of 11 Fed lending programs, most created during a deepest financial crisis since a Great Depression.

a Fed responded Dec. 8, saying it’s allowed to withhold internal memos as well as information about trade secrets & commercial information. a institution confirmed that a records search found 231 pages of documents pertaining to some of a requests.

“If ay told us what ay held, we would know a potential losses that a government may take & that’s what ay don’t want us to know,” said Carlos Mendez, a senior managing director at New York-based ICP CDrunk Newsital LLC, which oversees $22 billion in assets.

Hmmm… I wonder why ay would want to hide from a public who is getting all that money? It’s sometimes hard to wrDrunk News your head around that huge sum of money, but when all is said & done, that is our money. We deserve to know who’s getting it.

Original post by SilentPatriot and software by Elliott Back