Just out from Bloomberg:
Aug. 24 (Bloomberg) -- The Federal Reserve must make public reports about recipients of emergency loans from U.S. taxpayers under programs created to address the financial crisis, a federal judge ruled.
This is in relation to a lawsuit filed by Bloomberg LP against the Federal Reserve on November 7, 2008, in Southern District of New York (08-09595), in which Bloomberg sought material loan and collateral data in relation to emergency loans released by the Fed, and which were previously claimed to be non-FOIAble.
This is a large blow against the Fed and specifically against organizations using FOIA loopholes from providing critical information, specifically in cases involving trillions of taxpayer dollars bailing out huge, systematically and politically embedded financial organizations.
The conclusion from the order just issued by District Judge Loretta Preska is as follows:
* * * * *
The Board's Motion for Summary Judgment is DENIED, and Bloomberg's Motion for Summary Judgment is GRANTED. Specifically:
1. The Board shall produce forwith the Remaining Term Reports within five business days of the date hereof;
2. The Board shall search forthwith records at the FRBNY that constitute "Records of the Board" within the meaning of 12 C.F.R. # 231.2(i)(1); and
3. The parties shall confer following their review of the results of the search and inform the Court by letter no later than September 14, 2009 how they propose to proceed.
* * * * *
The beneficial outcome means that many more FOIA-based lawsuits against the Federal Reserve will now spring up, and with case law on their side, the outcomes of most will likely be on behalf of the plaintiffs. This could detour any short-circuit attempts by either Congress or Senate to prevent a Fed audit, as it may suddenly not be necessary, now that there is this alternative venue to get various pieces of information, previously not available to the general public.
Thanks to @jd_nyc for the tip!
I can't imagine somebody
I can't imagine somebody suing the Federal Reserves. This is much sensationalized by the media when it first broke the news. I am a personal injury claim lawyer and would love to switch fields so I can handle similar cases in the future.
The Federal Reserve Board on
The Federal Reserve Board on Tuesday approved a final rule amending Regulation Z (Truth in Lending) to protect consumers who use credit cards from a number of costly practices. Credit card issuers must comply with most aspects of the rule beginning on February 22.
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Federal Reserve Governor
Federal Reserve Governor Daniel Tarullo on Monday endorsed the idea of requiring big banks to hold more capital and renewed his suggestion that direct efforts to limit the size of banks may be worth considering.
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Federal Reserve Governor
Federal Reserve Governor Daniel Tarullo on Monday endorsed the idea of requiring big banks to hold more capital and renewed his suggestion that direct efforts to limit the size of banks may be worth considering.
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The One and Only Way to take
The One and Only Way to take Our Country Back:
When there is a complex problem to be solved you must find the root and tear it out. Otherwise we are just cutting off branches as they grow on the bush. Branches grow too fast and there are too many of them.
In 1913 our Congress and President Wilson handed over our money system to a "private bank" named the Federal Reserve Bank along with a U.S. Government Collection Agency now known as the Internal Revenue Service; to only collect interest for that bank. This ACT also gave them control of all the U.S. Banks.
In 1914 World War I was underway and our government borrowed from the Fed to support our troops.
In 1929 the Fed stopped the US Treasury from printing money. All money (bills) any bank received as deposits or otherwise were ordered sent to the US Treasury and destroyed.
Soon there were lots of jobs but no money to pay for labor. There was no money! A Depression had been created. Banks failed and were taken over by the Fed and Safety Deposit Boxes were looted.
In 1934 the Fed ordered the US Government to make possession of gold in any form, including gold certificates, "illegal", with the exceptions of collectible coins and family heirlooms. The gold was collected from the general public.
In 1941 our government borrowed from the Fed to support our troops in World War II. Suddenly there was money everywhere and lots of it.
The Federal Reserve Bank, abbreviated as the "Fed" in the news, is our local branch of the very large Banking Cartel.
The Banking Cartel starts wars and ends wars. They have control of the governments of all countries that have valuable natural resources e.g. oil, gold. silver, diamonds, etc.. They control the stock market and controlling interest under different names, in the Military Industrial Complex, The Medias (all major news outlets, movies, magazines and books, including school books), Pharmaceutical Companies ( Forced Swine Flu shots) etc.. Their Method of Operation is simple; you control the public with religion, education and information. And you buy politicians.
In the U.S.A only the Rockefeller and Kennedy families own stock in the Fed and neither lost a dime when the stock market crashed in 1929. The vast majority of Fed stock is owned by people that live elsewhere. There are only 125 of them. They are all multi-billionaires and they want to possess all the gold and rule the world. This is the New World Order or One World Government etc.. Some of the older Banking Cartel families have been playing this "Let's Control the World" game for centuries.
Fort Knox? - President Nixon shipped all the gold owned by the U.S.A. to the Bank of London in 1973 as partial payment on the interest on our National Debt. The Rothschild family has it.
Our money (Federal Reserve Notes) is not real. A note is a debt and we owe interest on each one printed and each one destroyed by the Fed. Yes we still use it, we have no choice. Also this also keeps us under control and they use this as a tool. They can drop this tool at any time.
The difference between the Deficit and the National Debt: Politicians always talk about the Deficit when Budget Time rolls around. It is the difference between what the government plans to collect in taxes and how much extra they want to spend for their pet projects. The result is always tax increases.
The National Debt, which politicians "never talk about", is the amount we owe the "private" Federal Reserve Bank. The last time I checked it was $8,000,000,000. That will never be paid off and continues to grow. A politician can not answer a question about the National Debt. When asked they always switch and answer the question as if asked about the Deficit.
If you still believe that the Federal Reserve Bank is part of the Federal Government, I ask you. Why doesn't the government just forgive the debt? And if not, where does the $10,000,000 collected by the Internal Revenue Service go every year? Public Schools are built and maintained with Real Estate taxes. Our Highways and roads are built and maintained with the federal gasoline taxes (known as the Highway Fund) which they use as bait to coerce States to agree to e.g. mandatory safety belt laws etc..
President Regan after reading the Grace Commission Report in 1984 stated: "not one nickel collected by the IRS goes toward Public Services". And then .. nothing changed.
http://www.uhuh.com/taxstuff/gracecom.htm
The Federal Reserve Act of 1913 is the root of all our problems. Just think. If the unconstitutional Federal Reserve Act was rescinded you would not have to pay income tax, the swine flu would go away, The IRS would go away, Codex would go away, The WHO (World Health Organization) would go away with all the other unconstitutional treaties. And all the other branches of the Fed Bush will fall off. They all need their Fed "play money" to operate. They will not spend their gold. We could have a Bond Fire and tell our politicians to rescind and not to pass anymore unconstitutional laws and they would listen to us.
Very Promising News. You may not have to move up to New Hampshire. Click the below link and then phone, email and write your pols at both of their offices. HR 1207 and S 604 which ever applies. There are more than enough co-sponsors. This is a forced audit of the Fed. This has not happened in 96 years. However Nancy Pelosi, Speaker of the House of Representatives is stalling the process. And Barney Frank, Chairman of the House Financial Committee speaks with forked tongue.
http://bytestyle.tv/content/federal-reserve-loses-bloomberg-foia-lawsuit... Utube - Blonde Girl - Black Top.. Info in print also.
In 1913 our U.S. dollar was worth one dollar backed by gold. Today it is a note of debt. We could support a "trusted government" to print our money backed by our trust in such a government. This worked very well for President Lincoln....for a while.... and then later.... not very long at all for President JFK.
Do you know anyone that is serving in our Armed Forces around the world? If so, be advised they are serving the Banking Cartel by protecting the Cartel's financial interests in the 162 out of 175 countries that have valuable natural resources. The natives want control of their country back and it is none of our business how they go about it. We should be protecting our own country and borders. That was "The Plan" in 1776.
Our elected officials, with few exceptions, have betrayed us from 1913 to this date.
There is no one to save us except ourselves.
On the face of this seems
On the face of this seems like a victory but looking closer it is actually a bad thing. It further blurrs and muddies the true indentity of the Federal Reserve. The Fed (as it is so mistakingly called) is not a federal goverment entity and thus is not subject to the FOIA. This will just additional confusion to the muddled view the public has this institution. This is actually quite a smart ploy on the part of those who seek to misdirect the truth about the Fed.
I need help navigating here.
I need help navigating here. I am looking for the State Mandates regarding the Health Insurance. I saw the video of her showing the mandates & what it was costing her. I NEED this to help me win arguments against this mess they want to saddle us with.
Please, direct me to the area where I can find the mandates, state by state. Sorry for the intrusion..
Justin
Interesting gambit. So "The
Interesting gambit. So "The Federal Reserve Bank Inc. is being sued under the FOIA. Yet FOIA deals only with public (read government) data. So, what will "The Fed" do? Will they lay it out for everyone to see - that they are indeed a private institution, free and clear of any government/public influence? OR will they cow tow in this case to cover their real identity?
Things that make you go hmmmmmmmmmmmmmm...........
Sleep well America - Q.
This sounds great, but I feel
This sounds great, but I feel it is pretty meaningless. Do you really think the fed is going to just accept some peon judge's decision?
The important question is, what will SCOTUS decide?
As long as the Federal
As long as the Federal Reserve merely exists, the Economic Holocaust will be continuing.
WE NEED IT TO COME TO A FAST, QUICK FINAL END.
We are locked down inside an economic bear trap, and the FEDERAL RESERVE is the one who set and sprung this trap.
This is the WOLF attempting to persuade us to believe the impossible: "Give us more power so we may set you free."
HELL NO!
They have NO intention to set us free, but rather, to now engage in a "liquidation" of human beings. Human Life!
They serve and WORSHIP Lucifer. You know him as SATAN.
These are Coven people.
Evil. Wicked. Vile. With Very BAD INTENT! As in NOT GOOD!
We as the people of the USA were WRONG to have ever allowed them to come into existence, and now we know. We no longer have the "luxury" to continue to trust ANYTHING about them.
We need to rid ourselves of them. They Are a CURSE upon our land and upon our people.
Think of them as an economic Ebola virus. We need to QUARATINE our economy from ALL of their vile influences. ALL!
Although I haven't read the
Although I haven't read the complaint in the FOIA law suit, it would appear to be limited in scope.Unless Bloomberg is a double agent, as suggested above, the decision will probably be appealed. So don't jump for joy too soon. Just one District Court judge making this decision is not legal precident of much weight.
In fact, if the Fed is private then FOIA wouldn't apply since freedom of info is only as to public entities. So is Fed public, private or hybrid?
If private bank, then regular discovery would get the information in a typical lawsuit, so without reading the pleadings it is questionable as to what is truly going on here.
PRAY for the SAFETY of this
PRAY for the SAFETY of this Federal Judge!
This seems like a great
This seems like a great development. Thanks for sharing. However I was just thinking tho about the liberty movement and it's aversion to the Fed. Seems everyone in the movement wants less government and a return to free market principles. We need the private sector to handle everything. EXCEPT monetary policy. Seems to be a contradiction to me. Am I alone in this? We need the government to stay out of everything, but it's a problem that a private institution is running our monetary policy?! So we want to put monetary policy back in the hands of the Treasury? We want less regulation. But in the case of the Fed we are pushing for transparency (in other words regulation). Is this not a contradiction? Please help.
" but it's a problem that a
" but it's a problem that a private institution is running our monetary policy?"
Yes it is a problem. A very big problem. This private institution has done nothing good for our country.
They pay the gov't pennies on the dollar to print dollars & then sell them back to the gov't charging interest.
Imagine paying $0.13 for every $1.00 & then reselling it for $1.18 to the gov't that printed it up for you.
That is a very big problem for the U.S. taxpayers.
If the Fed wants our dollars they should pay full price just as you and I do.
The Fed should also be required to pay state & federal taxes on any profits they make. Now there is no such requirement in place.
But we would be better off if they Fed was completely closed down.
This is about returning to
This is about returning to the original intent of the Constitution.
The Constitution delegates authority over the money supply to Congress, and to no one else. It does not give Congress the power to re-delegate that authority.
If the money supply is privately controlled, how can we say there is free enterprise or a free economy? Free enterprise cannot occur in a controlled economy, especially when privately controlled for the benefit of a few.
Those in control of the money supply MUST be answerable to We The People, because money is in fact a public utility, just as roads, highways, and bridges are. It is the means to more efficiently store and transport produced value, just as roads, highways, and bridges are a means to more safely and efficiently transport ourselves and our personal property.
We cannot remain at the sole mercy of amoral businessmen whose own self interest comes first, far above that of the public, if the public even matters to them at all. From what we can see, and from their own statements, the Money Masters view the public as something to be used and abused for THEIR benefit. Whatever the benefit to the public, it comes only if it benefits the Money Masters first, and most. To them, we are just sheep, to be sheared, again and again, and eventually led to the slaughter.
NOT a contradiction. Before
NOT a contradiction.
Before national banks, private corporations created their own currency that was given value by the people who used it and could trade it for goods and services by other people who valued it. Also, governments and private banks that issued money tied it to some kind of REAL asset (gold, silver, etc.). The problem is not neccessarily that the Fed is "private" - but that it enjoys a monopoly on the printing of money while you and I would be jailed for doing the same thing. While the Constituion gives Congress the power to coin money, it does not necessarily prohibit private companies from issuing their own currency. Regardless, I think most in the freedom movement would agree with the Ayn Rand Institutute's call for SEPARATION OF ECONOMY AND STATE - we should make it the goal to remove Congress from monetary policy completely, including giving a monopoly to an entity such as the Federal Reserve.
I try to spread the news as
I try to spread the news as much as I can, I'm not an American, I'm a Brit but we have our own FED so if it falls in the US I hold out great hope that the masses in the UK wake up to the daylight robbery that occurs every single day here in the United Kingdom.
I think the secret cabal are playing a game of who gets who first, because I believe the Swine Flu was a deliberate engineering of the Spanish Flu, so they want chaos and mass death before we can gain leverage to end their little game that has gone on for centuries.
Strange that things have fallen nicely in place for them, like FEMA concentration camps, where people who say no to the vaccine can be nicely and securely put out of site.
We must all come together as one and stop this cabal of elitist scum before they take us all into a nightmare of totalitarian fascist rule.
We only need to do our own thing, ignore these people, get good folk to step up to the plate in 2010, should we last that long, and then vote them into power, do not vote for any incumbent except perpaps the one's that have shown courage and are actually with the people of the US and are aligned with your Constitution.
Thanks for your efforts to defeat this evil.
Alright! This is great news
Alright! This is great news for the taxpayers! A rare win!
This is great news....is it
This is great news....is it possible to pursue our purposes through the courts, since Congress is stalling on bringing HR 1207 to a vote....indefinitely?
Jefferson, Jackson, Paul, in
Jefferson, Jackson, Paul, in that order. It's an absolute pleasure being a student of one that's still alive.
Keep pushing HR1207 and S604
Keep pushing HR1207 and S604 Thanks for the post Shelly.
For liberty,
Rob
This is very, very good news!
This is very, very good news! Didn't know Bloomberg had it in him!
Beware of Greeks bearing
Beware of Greeks bearing gifts.
An audit might be the best possible outcome, and if this ruling removes the justification for a full audit, then it might work out better for the Fed, since they can just trickle feed us the information thtrough the media, and make it much harder for the average person to ever see and comprehend the big picture.
Bloomberg might just be posing as being in opposition to the Fed, when in fact, this ruling might be doing them a huge favor, if it prevents a full audit, which would easily reveal the big picture they would rather we did not see.
Setting up a controlled opposition is a very old strategy which has often been used. When you see someone like Bloomberg seeming to come out against the Fed, red flags and alarm bells ought to be going off in your head.
"Please don't throw me in that briar patch" said Brer Rabbit to Brer Fox. Brer Fox then threw Brer Rabbit in the briar patch, to Brer Rabbits pure joy.
We must be careful not to put the Fed exactly where they want us.
Very wise observation RJB!
Very wise observation RJB!
One must also remember the deception and cunning secrecy that was used to enact the Federal Reserve Act of 1933 referenced in the "Creature From Jeckal Island" by G. Edward Griffin. This cabal of wealthy bankers is not going away easily but they have to be quite nervous that the spotlight is revealing there secret works and even becoming viral -- much more than they would like -- especially at this financially sensitive time. Now would be the time to strike back!
Let's make everyone in our power aware that the FED is: 1) Private NOT Federal, 2) Has NO reserves and 3) Is the biggest ponzi scheme in history! It needs to be audited and finally ended and real constitutional money restored! Keep the pressure on...
Federal Reserve Act of 1913.
Federal Reserve Act of 1913.
So we're still going to audit
So we're still going to audit them right? :)
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