Federal Reserve Appeals Order to Disclose Emergency Bank Loans

Mark Pittman
Bloomberg News
Wednesday, September 30, 2009

Sept. 30 (Bloomberg) — The Federal Reserve is appealing a judge’s order requiring the central bank to identify the financial institutions that benefited from its emergency loans, according to a lawyer representing Bloomberg LP.

The central bank refused to divulge details about the companies participating in its 10 remaining lending programs, saying that doing so might set off a run by depositors.

The Fed had until today to seek a reversal of the Aug. 24 decision by Manhattan Chief U.S. District Judge Loretta Preska, who ruled the Fed must release the identities, as well as disclose loan amounts and the assets put up as collateral.

Full stoy here.

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8 Responses to “Federal Reserve Appeals Order to Disclose Emergency Bank Loans”

1. Jebus Crimemoney Says:
   September 30th, 2009 at 4:21 pm

   Jews suing Jews, something is amuck. Maybe the elite are setting a stage for the Fed to collapse after all.
   The FDIC ran out of $$ today and are F–DICing the banks.

2. Bill Says:
   September 30th, 2009 at 4:54 pm

   Here’s the correct response judge,

   “First tell me WHY divulging this would cause a run on the banks, THEN I’ll rule on your appeal.”

   LOL^ Reply:
   October 1st, 2009 at 1:23 am

   Who cares if it starts a run! It likely will! Why? No one wants to be involved in illegal activities. If they were transparent, then there would be no problem. However, they weren’t! It isn’t investors fault if they pull their money when they learn who is receiving “bail out” money. Fed and Big Business is going to burn one way or another because crimes add up! As you can see they are trying to do another! Its time to pull the plug on the system.

3. moose Says:
   September 30th, 2009 at 5:01 pm

   Fake argument. Banks overflowing…..OVERFLOWING…with bailout cash are in no danger of a run. Who really fears an inability to get their money out of the biggest printing press in the known world? They just don’t want us to know something. What…we’ll find out soon, eh?

4. goodseed Says:
   September 30th, 2009 at 7:12 pm

   What happened on 911? Print this and spread it around.

   http://www.thegoodseed.com/Wha.....On%209.pdf

5. YT Says:
   September 30th, 2009 at 7:41 pm

   HERE: Stream and Download ALL the best interviews and rants from the Alex Jones Show Archives:

   http://alex-jones-archives.politicsfiles.info/

   TODAY:
   - Winners of the Infowars Poster Video Contest Announced
   - Steve Quayle:Red Dawn in American!!
   - Charlie Sheen Returns:Stage 2 Begins!
   - Alex’s Round Table Discussion on U.S. Attacking IRAN with Paul Watson & Kurt Nimmo

   Backup your favorite episodes, don’t miss any!

6. LOL^ Says:
   October 1st, 2009 at 1:24 am

   I have an urgent message for you! STFU!!!!!!!

7. Jim Says:
   October 6th, 2009 at 6:37 pm

   What if we selected October 30, 2009 as a date for all of us to withdraw all cash unnecessary to make our automatic monthly payments, or in other words what if we threaten a run on the financial institutions unless our national elected leaders performed a specific number of tasks. I haven’t come up with a list of what these would be, but the threat of this act would seem to be an immediate tool to send a very clear message to our leaders that we have had enough of their crap and that we are the ones in control.

   I know this is a radical idea, but don’t these times call for radical action?