26 October, 2010

"Shhh! We need time to arrange another attac...um, distraction."

JPMorgan, BofA, and Citi, Plead To Keep Bailout Details Secret


An interesting claim byBofA, Citi and JPMorgan, et al:

"The central bank has never disclosed the identities of borrowers since the creation in 1914 of its Discount Window lending program, which provides short-term funding to financial institutions...".

So, if the Fed could "provide
short-term funding to financial institutions" since 1914, why did "The Great Depression" even happen?

Read more: http://www.businessinsider.com/banks-fed-appeal-document-release-high-court-bailout-2010-10#ixzz13WAhW6ZI



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