Wednesday, September 29, 2010

Dead Man Talking

There may be a sliver of hope left. I'd like to tell you about a blue collar kid that had balls. A real life investigative reporter. A guy that sued the FED. A guy who died way too young but is still winning.

I didn't know who Mark Pittman was until today. Read about him here.

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afp8OC.OvRnI

Let's hope somebody with some cajones picks up this information and carries it through. I've snipped a piece of the ZeroHedge article below. If you want to read the whole thing, it is here: http://www.zerohedge.com/article/mark-pittman-wins-fed-disclose-emergency-lending-details-december-1



Mark Pittman Wins: Fed To Disclose Emergency Lending Details By December 1

Tyler Durden's picture




Mark Pittman's last valiant effort to bring some transparency to the most destructive organization in the history of mankind has succeeded. According to testimony to be delivered to the House tomorrow, "under a framework established by the act, the Federal Reserve will, by December 1, provide detailed information regarding individual transactions conducted across a range of credit and liquidity programs over the period from December 1, 2007, to July 20, 2010. This information will include the names of counterparties, the date and dollar value of individual transactions, the terms of repayment, and other relevant information. On an ongoing basis, subject to lags specified by the Congress to protect the efficacy of the programs, the Federal Reserve also will routinely provide information regarding the identities of counterparties, amounts financed or purchased and collateral pledged for transactions under the discount window, open market operations, and emergency lending facilities." Luckily this action by Bernanke will prevent the rioting that would have followed an appeal to the Supreme court, which would have certainly sided with the secretive group of Keynesian priests. If nothing else, the plethora of data will keep the blogosphere preoccupied for days upon days, rummaging through millions of pages of explicit corruption.


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