It's About Liberty: A Conservative Forum

Topics => Judiciary, Crime, & Courts => Topic started by: Libertas on March 21, 2011, 12:07:11 PM

Title: SCOTUS - Must, not shall, Must release info on bailout list
Post by: Libertas on March 21, 2011, 12:07:11 PM

Another ruling The Regime will no doubt fail to comply with!

http://www.cnbc.com/id/42193298 (http://www.cnbc.com/id/42193298)

Title: Re: SCOTUS - Must, not shall, Must release info on bailout list
Post by: IronDioPriest on March 21, 2011, 04:10:34 PM

Quote

The appeals court ordered the disclosure of borrowers' names, loan amounts and loan dates for transactions at the Fed's discount window and from its emergency lending facilities.

The Clearing House Association, representing the largest commercial banks that hold more than half of all U.S. deposits, appealed to the Supreme Court, arguing that the emergency lending data should be kept secret.

It said the appeals court ruling threatened numerous federal programs that depend on keeping commercial transactions confidential and could unjustifiably harm the reputation of banks that borrowed from the Fed's discount window.

<snip>

The Supreme Court declined to hear the appeals without comment....

I'm thinking that there are going to be a lot of pissed off Americans when this information is revealed. There should be no "federal programs that depend on keeping commercial transactions confidential". It's our f**king money.