The Federal Reserve is a privately owned bank, the only thing federal about it is the deceptive name. They print money out of thin air!
Treasury Shields Citigroup as Deletions Undercut Disclosure
By Bob Ivry - Oct 25, 2010 12:01 AM ET
Finance professor at the Ourso College of Business at Louisiana State University Joseph Mason, seen here, said more openness concerning the causes of the crisis and the government’s response would help the economy recover. Photographer: Chris Keane/Bloomberg
The late Bloomberg News reporter Mark Pittman asked the U.S. Treasury in January 2009 to identify $301 billion of securities owned by Citigroup Inc. that the government had agreed to guarantee. He made the request on the grounds that taxpayers ought to know how their money was being used.
More than 20 months later, after saying at least five times that a response was imminent, Treasury officials responded with 560 pages of printed-out e-mails -- none of which Pittman requested. They were so heavily redacted that most of what’s left are everyday messages such as “Did you just try to call me?” and “Monday will be a busy day!”
None of the documents answers Pittman’s request for “records sufficient to show the names of the relevant securities” or the dates and terms of the guarantees…
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