Mar 22, 2011

http://www.bloomberg.com/news/2011-03-21/fed-must-release-bank-loan-data-as-high-court-rejects-appeal.html

The Fed tried to argue that this was one of its "trade secrets," but the Supreme Court disagreed. It is an eye-opener, not because of the information that will have to be published, but because the Fed is being treated now as a public institution--a Central Bank of the people--rather than as a private banking institution.

That alone is a huge crack in the Fed which will only widen as time goes on. Mystery Babylon requires secrecy to survive.

It looks like this is the first major step in nationalizing the Fed, which would undo that major foundation of the Federal Reserve Act.

Thanks, Bloomberg, for your lawsuit.