Sunday, October 31, 2010

Why are they making such a big deal about it?

The mega-banks, in the form of something called the Clearing House Association, have gone to the Supreme Court - yes, our highest court - to prevent a fuller disclosure as to the details of the Fed's bailout of these institutions. The Fed supported the banker's side up to this point but has finally decided to stop appealing the judicial decisions.

What don't the banks want us to know? It was our money they took. Why shouldn't we know why they got it, how much, what they did with it, etc.?

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