The Fed, Does Not think the Truth Will Set you Free - They think the Opposite!

The Fed, does not think the Truth will set you free, they want the truth to be hidden from everyone!

They would rather protect the big industries compared to all of us regular people! In fact, the truth of the matter is, they could not care less if all of us lose our money through banks, they care if the bankers lose money.

The Fed does not want the banks who got emergency loans released. They feel it would be a determent to the economy and those banks. A judge had ruled they had to release the information by Aug. 31st, due to a lawsuit filed by Bloomberg.

Reading between the lines, the Fed is worried, all of us regular folks, might just find out the truth of the situation banks are in and decide we would like to keep our own money, instead of letting the banks have it (in case of bank holidays).

The point is, they will go to all lengths to hide the truth from the American public.

Link to article: http://www.reuters.com/article/marketsNews/idINN2732083820090827?rpc=44

Fed urges judge not to enforce order pending appeal
* Banks say disclosure could cause loss of confidence
By Jonathan Stempel
NEW YORK, Aug 27 (Reuters) - The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy.
The central bank filed its request on Wednesday, two days after Chief Judge Loretta Preska of the U.S. District Court in Manhattan ruled in favor of Bloomberg News, which had sought information under the federal Freedom of Information Act.
Preska said the Fed failed to show that revealing the names would stigmatize the banks and result in "imminent competitive harm." The Fed asked the judge not to require disclosure while it readies an appeal.
"Immediate release of these documents will cause irreparable harm to these institutions and to the board's ability to effectively manage the current, and any future, financial crisis," the central bank argued.
It added that the public interest favors a delay, citing a potential for "significant harms that could befall not only private companies, but the economy as a whole" if the information were disclosed.
Underlying this case and a similar one involving News Corp's (NWSA.O) Fox News Network LLC is a question of how much the public has a right to know about how the government is bailing out a financial system in a crisis.

They are questioning the Public having the Right to know how much of a financial crisis we are in!! Outrageous! In other words, the Fed is saying - "we will use the Public's money and put them in debt all we want, but we won't let them know where we are using it"!

I hope that the Judge will keep the order of Aug. 31st disclosure of the Federal Reserve - a count down of 3 days. Will we see the list?

I will keep my eyes out for it.