Revealing banks using emergency funding would destroy U.S. economic system, Fed warns - Polidicks

[quote] The U.S. Federal Reserve asked a federal judge not to enforce her order that it reveal the names of the banks that have participated in its emergency lending programs and the sums they received, saying such disclosure would threaten the companies and the economy… "Immediate release of these documents will cause irreparable harm to these institutions and to the board's ability to effectively manage the current, and any future, financial crisis," the central bank argued.” [/quote] [url]http://www.financialsense.com/fsu/editorials/deepcaster/2009/0828.html[/url] Hey don't edit the title , by "truth" you have to understand that if revealing the info will cause investors to loose faith to the point the economic system collapse , it means that you can call the fact of not telling us anything and saying the economy is healthy , a lie. EDIT : Nevermind I just read the whole 911 "mistake" here.

Tell the truth Darn it, Citizens have the right to [I]KNOW[/I]

I'm quite sure it wouldn't.

We need to hand out taxpayer money but we can't let them know even though it is against the law not to have public expenditure reports because then it wont work and we arent making shit shit up right now to protect incompetent executives from populist rage

The Federal Reserve is fucking stupid.

they need to reveal teh truth about 9/11 >:I

It's all a Commie plot to ruin our Economy, that's why we can't tell anyone. [editline]02:42PM[/editline] [QUOTE=shitberyd;17027749]they need to reveal teh truth about 9/11 >:I[/QUOTE] The Russians did it.

Don't do it! no, don't disclose those names! You'll all uh... Go bankrupt! Our economy will be fucked forever! Dooon't do it!

[QUOTE=Wordsworth;17027769]The [b]P[/b]russians did it.[/QUOTE] Correct

[QUOTE=Rofl my Waff;17027861]Correct[/QUOTE] I don't get it D:

you cant handle the truth

[QUOTE=Moby-;17027917]I don't get it D:[/QUOTE] Go read a textbook

[QUOTE=Lamp;17027941]you cant handle the truth[/QUOTE] about time.

[QUOTE=Lamp;17027941]you cant handle the truth[/QUOTE] Your avatar matches your post.

[img]http://911reports.files.wordpress.com/2008/08/911-press_for_truth.jpg[/img] [img]http://www.thewe.cc/thewe_/images_5/_/9_11/9_11_truth_now.jpe[/img]

How the fuck are people comparing this to the stupid 9/11 conspiracy.

[QUOTE=Moby-;17027917]I don't get it D:[/QUOTE] If you don't get it then you never will so don't try cause you won't get it. [editline]03:01PM[/editline] [QUOTE=Cloak Raider;17028161]How the fuck are people comparing this to the stupid 9/11 conspiracy.[/QUOTE] The milkman is in league with the squirrels.

FYI, a good amount of how the economy is doing is controlled by consumer and investor expectations. If people think the economy is doing shitty, it's going to get shittier. If people think it's doing fine, it may still be shitty, but it will likely slow or reverse the rate of shittiness increase. So really they're right.

If people lose confidence after seeing those documents it would possibly ruin the economy even more. People would stop buying, lending, or spending money and not trust the companies. Which would in return cause the companies to fall and create even more deficits. But that being said, people deserve to know what big companies are doing. It could easily go good or bad, but if companies don't want the info to be seen - that shows they don't trust the consumers, so why should the consumers trust the companies?

America needs a new economy.

inb4 retarded granola heads go all OLOOLOLOOOL 9/11 CONSPIRAC- oh wait, they already shit up the thread.

Yeah, lets give a group of unelected people the power to create all the money they want.

Why? Unless I have some morale with what the government does, I don't give a fuck what the government does.

[QUOTE=breakyourfac;17028875]inb4 retarded granola heads go all OLOOLOLOOOL 9/11 CONSPIRAC- oh wait, they already shit up the thread.[/QUOTE] Cmon, you're telling me tower 7 fell due to debris?

The bail out is bull shit for Rich Assholes who don't give a fuck about the rest of the world... Oh well :tiphat:

[QUOTE=livelonger12;17029590]Cmon, you're telling me tower 7 fell due to debris?[/QUOTE] this is all tied with why cannbis is illegal! and why they staged 911 so that to make people unite morew! agains iraq for their oil!

[QUOTE=JohnnyMo1;17028372]FYI, a good amount of how the economy is doing is controlled by consumer and investor expectations. If people think the economy is doing shitty, it's going to get shittier. If people think it's doing fine, it may still be shitty, but it will likely slow or reverse the rate of shittiness increase. So really they're right.[/QUOTE] That doesn't justify lying to the entire country. [editline]05:07PM[/editline] [QUOTE=radioactive;17028866]America needs a new economy.[/QUOTE] we bought a new one from china it is already falling apart fucking cheap shit should have been made in usa

Hold on, doesn't saying "the truth will ruin the economy" sort of ruin the economy anyway?

To quote a pennywise album: Land of the Free?

I mean, we now know there's something to hide and we now know shit sucks THAT bad so what the fuck are they thinking trying to keep it secret? [editline]05:22PM[/editline] automerge the fuck