Uncle Sol Starting a thought farm

Full Disclosure

Bloomberg reports:

The Federal Reserve Board must disclose documents identifying financial firms that might have collapsed without the largest U.S. government bailout ever, a federal appeals court said.

The U.S. Court of Appeals in Manhattan ruled today that the Fed must release records of the unprecedented $2 trillion U.S. loan program launched primarily after the 2008 collapse of Lehman Brothers Holdings Inc. The ruling upholds a decision of a lower-court judge, who in August ordered that the information be released.

This would be a major victory for the American people if it holds up. Personally, I don't think it will. I'm quite confident that our government will see clear that this never sees the light of day. One way or another.

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