creditwritedowns.com - 25 days ago
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Posted by Edward Harrison on 25 August 2009 at 11:20 am Digg it Bookmark it Stumble it Reddit 25 Aug Share Below is a copy of the actual judgment in the Bloomberg News vs. Fed FOIA case. The case is: Bloomberg LP v. Board of Governors of the Federal Reserve System, U.S. District Court, Southern ...
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The creeping power grab by the executive branch and Federal Reserve
naked capitalism —
... in concert with the Executive Branch in a non-arms length fashion since this crisis began. All of the liquidity programs and backstops the Fed has implemented are not just about liquidity, they are subsidies that lower the cost of capital and increase profits in the banking sector. As such, these subsidies are actually a part of America’s fiscal policy – stimulus, if you will. It is a clear no-no for the Federal Reserve to inject itself into fiscal matters. And to top it off, the Fed is refusing to be transparent about the process. Why would we make it the Systemic Risk ...
Power Grab
Bear Mountain Bull —
... in concert with the Executive Branch in a non-arms length fashion since this crisis began. All of the liquidity programs and backstops the Fed has implemented are not just about liquidity, they are subsidies that lower the cost of capital and increase profits in the banking sector. As such, these subsidies are actually a part of America’s fiscal policy – stimulus, if you will. It is a clear no-no for the Federal Reserve to inject itself into fiscal matters. And to top it off, the Fed is refusing to be transparent about the process. Why would we make it the Systemic Risk ...
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