No Luck for the Fed
By: Andrew Ward, Aug 25 2010The Wall Street Journal reports
that a federal appeals court recently denied a request by the Federal
Reserve to reconsider a March ruling that requires the Fed to release
information on borrowers from the discount window and so-called "last
resort" lending programs. The Fed claimed that transparency would
hamper the zombie banking system. Let's hope that their appeal to the
Supreme Court is met with just as much scrutiny.
Comment
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Comment by Nikki on August 25, 2010 at 10:05pm
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The Fed loves its secrecy.
"Destroying the New World Order"
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