13. THIS NATION A. CURTAIN PULLED BACK ON FEDERAL RESERVE “Bloomberg News Sues Fed to Disclose Collateral From Taxpayer Loans to Banks” Financial news publisher Bloomberg wanted to know where the $2 trillion in Federal Reserve bailout money was going, so it asked the Fed to disclose the recipients of the cash. The Fed refused. Bloomberg filed a FOIA (Freedom of Information Act) request. The response was the Fed was not part of the federal Government and was therefore not required to comply to such a request. What does that mean? The Fed finally admitted what Korner readers have known for many years: the Federal Reserve Bank is a private corporation and not in any way a government agency. So, Bloomberg has filed suit against the Fed for a list of bailout recipients. From ABC News: link here And this from The LA Progressive: link here And: “Fed Defies Transparency Aim in Refusal to Disclose” “The Federal Reserve is refusing to identify the recipients of almost $2 trillion of emergency loans from American taxpayers or the troubled assets the central bank is accepting as collateral,” quoting Bloomburg. link here And: ”End The Fed” begins November 22nd link here
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