Bloomberg | Fed Must Release Loan Data as High Court Rejects Appeal

Fed Must Release Loan Data as High Court Rejects Appeal

The Federal Reserve will disclose details of emergency loans it made to banks in 2008, after the U.S. Supreme Court rejected an industry appeal that aimed to shield the records from public view.

The justices today left intact a court order that gives the Fed five days to release the records, sought by Bloomberg News’s parent company, Bloomberg LP. The Clearing House Association LLC, a group of the nation’s largest commercial banks, had asked the Supreme Court to intervene.

“The board will fully comply with the court’s decision and is preparing to make the information available,” said David Skidmore, a spokesman for the Fed.

The order marks the first time a court has forced the Fed to reveal the names of banks that borrowed from its oldest lending program, the 98-year-old discount window. The disclosures, together with details of six bailout programs released by the central bank in December under a congressional mandate, would give taxpayers insight into the Fed’s unprecedented $3.5 trillion effort to stem the 2008 financial panic.

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15 Responses to “Bloomberg | Fed Must Release Loan Data as High Court Rejects Appeal”
  1. Posted on March 24, 2011 by Foreclosureblues
    Dallas Fed President Warns: US Debt Situation At “Tipping Point”
    Today, March 24, 2011, 3 hours ago | bronko
    Source: SHTFPlan

    The latest comments from Dallas Federal Reserve President Richard Fisher at the House of Finance in Frankfurt, Germany would have been considered blogosphere doom & gloom and fear mongering just a couple of years ago:

    The U.S. debt situation is at a “tipping point,” Dallas Federal Reserve Bank President Richard Fisher said on Tuesday, and urged the U.S. central bank to refrain from any further stimulus measures.

    “If we continue down on the path on which the fiscal authorities put us, we will become insolvent. The question is when,” Fisher said in a speech at the University of Frankfurt.

    Fisher, seen by economists as one of the most hawkish policymakers within the Fed, said that although debt-cutting measures would be painful, he expected the U.S. to take the necessary actions.

    “The short-term negotiations are very important. I look at this as a tipping point.”

    He said the U.S. economy was now growing under its own steam, but voiced his concerns about building global inflation pressures and said it was now time for the central bank to stop pumping out extra support.

    “The Fed has done enough, if not too much, and we should do no more.. In my opinion no further accommodation is necessary after June either by tapering off the bottom of treasuries or by adding another tranche of purchases outright.”

    “The real question is when do we stop accommodation.”

    “We need to continue to discuss the exit policy… but before you can tighten you have to stop accommodating,” he said.

    Read More: http://www.shtfplan.com/headline-news/dallas-fed-president-warns-us-debt-situation-at-tipping-point_03222011

  2. abs says:

    PONZI SCHEME (FEDS) PROTECTING THE FRAUDSTER (BANKS) WE NEED A NATION WIDE RALLY AGAINTS THE FED AND THEIR CORRUPT CRONIES. ENOUGH IS ENOUGH, IT IS OUR MONEY THEY ARE GIVING AWAY.

  3. abs says:

    PONZI SCHEME (FEDS) PROTECTING THE FRAUDSTER (BANKS) WE NEED A NATION WIDE RALLY AGAINTS THE FED AND THEIR CORRUPT CRONIES. ENOUGH IS ENOUGH IT IS MONEY THEY ARE GIVING AWAY

  4. .Don’t let the name fool you.
    The Federal Reserve Bank of New York located on Liberty Street is a Trojan Horse, the “World’s largest accumulation of gold.” The gold bullion in New York’s vault is part of the monetary reserves of foreign governments, central banks and official international organizations around the globe. What is the U.S. government going to do when the foreign organizations call in the notes and want delivered to Liberty street the reserves held by the Treasury Department at Fort Knox, Kentucky and West Point, New York, Denver and Philadelphia Mints and San Francisco Assay Office?
    The Currency managed not in the best interest of the Real Estate Industry of the United States of America. Rather foreign organizations and private families trusts, 1970’s disclosed to be the Rothschild’s & John Rockefeller. In agreements with SunTrust & Lehman Brothers, Bear Stearns. What are the gold reserves worth today? In 2008 $236 billion. What will happen when the foreign organizations call in the notes?
    The money laundered out of the nation one mortgage at a time over the private financial exchanges harmed the economy of the nation, third element of our national security.

  5. indio007 says:

    Nobody forget MARK PITTMAN !

    He gave his life . He was the Bloomberg Reporter that initiated the suit.

    He’s no longer with us.His precise cause of death is “unknown”.

    http://www.bloomberg.com/apps/news?pid=newsarchive&sid=alcABq2uaBOc

    The Supreme Court is probably next now.
    .

  6. What is so highly confidential concerning banks information provided to the Federal Reserve? The only confidential info would be the shit they have pulled on everyone. They got money with low or no interest…yet the average joe is charged top interest… They all ‘ fudge ‘ the figures…all are scam sly tricksters. One cannot believe anything that the banks or the Fed. Res. says. This is great that the higher Supreme Court rejected the appeal. The banks cried wolf and got what they wanted…along with massive bonus money to boot…nothing the banks did was on an honest level. Our foreclosures show that. No matter how it is spit out…the foreclosures reek with fraud….fraud that cannot be denied…they are a FACT. Now tell me…who holds the Burden of Proof …the fraud. done by the banksters???? But can anyone trust what the Federal Reserve turns in to the Supreme Courts? Since the banks and the Federal Reserve run on 2 sets of laws….one set being only for them by them…one wonders, are there 2 sets of accounting records??????? It appears nothing is on the up and up………..

  7. l vent says:

    More theater. They want us to “think” they are really doing something. When all of the criminals are considered saints and the whole country is corrupted, there can be NO JUSTICE FOR THE PEOPLE EXCEPT, RESCIND OUR FRAUDULENT LOANS. WE WERE SET UP TO FAIL AND THEN DEFRAUDED. WE THE PEOPLE DID NOT AGREE TO THAT!!!!!!!!!!! They put the American people on the TITANIC OF FRAUD. THEY WANTED ALL OF US TO DIE, IT WAS INTENTIONAL AND MEANT TO CA– USE PERMANENT HARM.

    • I vent…I need to know the 3 dates (this year) that show the 11’s…..and what happened on those days..I know this has nothing to do with this article but this is a ‘ special ‘ year based on 11’s …add your age this year and the last 2 digits of the year you were born…everyone will equal 111. I was sent this info from a cousin in Michigan and it tells what all this means. I guess it only happens like every 800 plus years….no wonder I never heard of it…LOL But my cousin wants that 11’s info you sent to me in a comment…..thanks..will appreciate it.

      • lisamarie says:

        Yeah and next year everybody in the world will equal 112 and the next year everybody will equal 113, then the next year 114 and so on and so on.??????

      • l vent says:

        @Marilyn Abdilla: On 1/11/11 at 11:11 there was a moment of silence lead by Obama for the Arizona shooting victims. On 2/11/11 Mubarak stepped down as President of Egypt. On 3/11/11 The Japanese earthquake. Please let me know what your cousin uncovers. Seems like we are always connecting the dots nowadays. The #11 is supposed to have an important meanining to those hiding behind the scenes of everything. I don’t believe in coincidences. I think they are important signs. I read on a website that biblical scholars have calculated the day of Jesus birth as really being on 9/11.

      • l vent says:

        Hi Marilyn! You are right, about that birthdate thing. Myself, my husband and my kids all add up to 111. Now that is incredible.

  8. Steve says:

    This is nothing but a game. The Supreme Court is owned by the private bankers like the rest of government. They Fed will concoct a few documents that give the appearance of public disclosure while hiding the real data of their crimes. This is nothing more than an attempt to pacify those demanding disclosure and shut them up. The facade continues…

  9. Katheryn says:

    The Fed is just like the banks. It is not our business to know where our tax dollars go…..nor is it our business when we borrow money and our home is the security, to know who we are really doing business with. MERS hides transfers, sales, and assignments of our property…hey…not our business to know what’s been done to our mortgages. Like I have said in other posts……..Twilight Zone.

    • l vent says:

      @Katheryn: If we do a little digging we will find out that the Federal Government is a tranch of Rome and so are the Multinational banks, Wall Street/NYSE/EURONEXT, the Multinational Corporations, MERS, the U.N,/NEW WORLD ORDER THE FEDERAL RESERVE. They have infiltrated and HIJACKED AMERICA. OUR U.S. CONSTITUTION OVERRULES THEM and THEY HATE THAT. GOD BLESS AMERICA. EURONEVER!!!!!!!!!!!!!!!!!!!!!!!!! National Sovereignty will prevail in the greatest nation on earth THE UNITED STATES OF AMERICA!!!!!!!!

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