Fed Reverses Self on Promises of Transparency, Continues to Stonewall on Collateral, Lending Disclosure

naked capitalism: Fed Reverses Self on Promises of Transparency, Continues to Stonewall on Collateral, Lending Disclosure: "As this Bloomberg article discusses in detail, the Fed has violated promises it made to Congress, both regarding the amount it would lend (the amounts are vastly in excess of anything envisaged) and its commitments about transparency (which have gone completely by the wayside). Bloomberg has petitioned to get certain details disclosed via a Freedom of Information Act filing, which as we discussed in an earlier post, the Fed is fighting."